Osram Licht (FRA:OSR) received a €44.00 ($51.16) price target from stock analysts at Morgan Stanley in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 22.94% from the company’s current price.
OSR has been the topic of several other research reports. Nord/LB set a €40.00 ($46.51) price objective on Osram Licht and gave the stock a “neutral” rating in a report on Monday, August 20th. JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on Osram Licht and gave the stock a “neutral” rating in a report on Tuesday, August 28th. Jefferies Financial Group set a €48.00 ($55.81) price objective on Osram Licht and gave the stock a “buy” rating in a report on Friday, August 10th. Deutsche Bank set a €50.00 ($58.14) price objective on Osram Licht and gave the stock a “buy” rating in a report on Monday. Finally, Kepler Capital Markets set a €51.00 ($59.30) price objective on Osram Licht and gave the stock a “buy” rating in a report on Wednesday, September 19th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Osram Licht has an average rating of “Hold” and a consensus target price of €46.31 ($53.85).
Osram Licht stock traded up €0.08 ($0.09) during midday trading on Tuesday, reaching €35.79 ($41.62). The company’s stock had a trading volume of 827,061 shares. Osram Licht has a fifty-two week low of €54.80 ($63.72) and a fifty-two week high of €79.42 ($92.35).
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.
Further Reading: Understanding Price to Earnings Ratio (PE)
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