OSRAM Licht AG (OSR) Given a €70.00 Price Target at Nord/LB
OSRAM Licht AG (FRA:OSR) received a €70.00 ($82.35) target price from Nord/LB in a report issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. Nord/LB’s price objective points to a potential downside of 0.50% from the company’s previous close.
A number of other research analysts have also issued reports on the company. J P Morgan Chase & Co set a €59.00 ($69.41) target price on OSRAM Licht AG and gave the company a “neutral” rating in a report on Wednesday, November 15th. Barclays PLC set a €59.00 ($69.41) target price on OSRAM Licht AG and gave the company a “neutral” rating in a report on Tuesday, November 14th. Morgan Stanley set a €54.50 ($64.12) target price on OSRAM Licht AG and gave the company a “sell” rating in a report on Monday, November 13th. Independent Research GmbH set a €71.00 ($83.53) target price on OSRAM Licht AG and gave the company a “neutral” rating in a report on Thursday, November 9th. Finally, Berenberg Bank set a €83.00 ($97.65) target price on OSRAM Licht AG and gave the company a “buy” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. OSRAM Licht AG presently has a consensus rating of “Hold” and an average target price of €72.91 ($85.77).
OSRAM Licht AG (OSR) traded up €1.36 ($1.60) during trading hours on Tuesday, reaching €70.35 ($82.76). The company had a trading volume of 183,695 shares. OSRAM Licht AG has a 52-week low of €46.75 ($55.00) and a 52-week high of €73.31 ($86.25).
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About OSRAM Licht AG
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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