Bank of America Reiterates “€65.00” Price Target for OSRAM Licht (OSR)
OSRAM Licht (FRA:OSR) has been assigned a €65.00 ($77.38) price target by research analysts at Bank of America in a note issued to investors on Tuesday. The firm currently has a “sell” rating on the stock. Bank of America’s target price would indicate a potential downside of 16.67% from the company’s previous close.
OSR has been the topic of a number of other research reports. Independent Research set a €71.00 ($84.52) target price on shares of OSRAM Licht and gave the company a “neutral” rating in a research note on Tuesday, October 10th. UBS Group set a €86.00 ($102.38) target price on shares of OSRAM Licht and gave the company a “buy” rating in a research note on Monday, September 25th. Morgan Stanley set a €54.50 ($64.88) target price on shares of OSRAM Licht and gave the company a “sell” rating in a research note on Monday, November 13th. Baader Bank set a €65.00 ($77.38) target price on shares of OSRAM Licht and gave the company a “neutral” rating in a research note on Tuesday, November 7th. Finally, Barclays set a €59.00 ($70.24) price objective on shares of OSRAM Licht and gave the company a “neutral” rating in a research report on Wednesday, November 8th. Three investment 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 currently has an average rating of “Hold” and a consensus target price of €76.97 ($91.63).
Shares of OSRAM Licht (FRA:OSR) opened at €78.00 ($92.86) on Tuesday. The stock has a market cap of $8,120.00 and a PE ratio of 27.96. OSRAM Licht has a 12 month low of €49.69 ($59.15) and a 12 month high of €79.42 ($94.55).
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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