Barclays upgrades Assa Abloy stock rating on European recovery

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil extends surge on concerns surrounding Strait of Hormuz closure Gold dips, reverses course as stronger dollar weighs amid Iran conflict Gold price surge after Iran attack could fade, Pepperstone says Dollar surges to over five-week high on U.S.-Iran escalation; euro, sterling slip FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Barclays upgrades Assa Abloy stock rating on European recovery By Investing.com Analyst Ratings Published 03/03/2026, 03:37 AM Barclays upgrades Assa Abloy stock rating on European recovery 0 ASSAb -1.90% Investing.com - Barclays upgraded Assa Abloy AB (ASSAB:SS) (OTC:ASAZY) to Overweight from Equalweight and raised its price target to SEK466.00 from SEK377.00. The stock has surged 37% over the past year and trades near its 52-week high, with a market capitalization of $45.9 billion. The firm’s earnings per share estimates for 2027-2028 stand 2-5% above consensus. Barclays expects stronger group organic growth and margin performance driven by the European business. The firm anticipates Assa’s European operations will see margins return above 16% by next year, compared to consensus estimates below 16% in 2027. The company currently maintains a strong gross profit margin of 42.6%. According to InvestingPro , which identifies Assa Abloy as a prominent player in the Building Products industry, the stock trades at a P/E ratio of 28.6. NIS2 regulation is expected to support demand for premium and electro mechanical products across EMEIA, Entrance Systems and Global Tech divisions. Permit data shows residential new build activity rising in key European markets, with France up 15% on a trailing twelve-month basis and Germany up 11%. Europe represents approximately 33% of Assa’s sales. Management indicated at Barclays’ recent Industrial Select Conference that the EMEIA recovery was gaining traction and that the fourth quarter organic growth exit rate of 4% would be indicative of dem...