OSRAM Licht (FRA:OSR) has been given a €65.00 ($77.38) target price by stock analysts at Bank of America in a research note issued to investors on Tuesday. The brokerage currently has a “sell” rating on the stock. Bank of America’s price target suggests a potential downside of 17.85% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. UBS Group set a €86.00 ($102.38) price target on OSRAM Licht and gave the company a “buy” rating in a report on Tuesday, November 7th. Societe Generale set a €90.00 ($107.14) price target on OSRAM Licht and gave the company a “buy” rating in a report on Tuesday. Berenberg Bank set a €87.00 ($103.57) price target on OSRAM Licht and gave the company a “buy” rating in a report on Thursday, September 21st. Bankhaus Lampe set a €87.00 ($103.57) price target on OSRAM Licht and gave the company a “buy” rating in a report on Tuesday, October 10th. Finally, Commerzbank set a €76.00 ($90.48) price target on OSRAM Licht and gave the company a “buy” rating in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. OSRAM Licht presently has a consensus rating of “Hold” and a consensus target price of €76.97 ($91.63).
Shares of OSRAM Licht (FRA:OSR) opened at €79.12 ($94.19) on Tuesday. The company has a market capitalization of $8,270.00 and a price-to-earnings ratio of 28.36. OSRAM Licht has a 1-year low of €49.19 ($58.56) and a 1-year high of €79.10 ($94.17).
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OSRAM Licht Company Profile
OSRAM Licht AG provides various lighting products and solutions worldwide. The company operates through Specialty Lighting, Opto Semiconductors, and Lighting Solutions & Systems segments. The Specialty Lighting segment develops and produces lamps and lighting systems for the automotive sector, studio, stage and TV, and projection system applications, as well as special lamps for industrial and medical applications; produces lamps for disinfecting liquids, surfaces, and gases with UV light; and provides entertainment lighting for shows and events.
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