Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Allegion PLC before investing.

In this article, we go over a few key elements for understanding Allegion PLC’s stock price such as:

• Allegion PLC’s current stock price and volume
• Why Allegion PLC’s stock price changed recently
• Upgrades and downgrades for ALLE from analysts
• ALLE’s stock price momentum as measured by its relative strength

About Allegion PLC (ALLE)

Before we jump into Allegion PLC’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Allegion plc (Allegion) is a global provider of security products and solutions. The Company operates through two segments: Allegion Americas and Allegion International. Allegion Americas segment is a provider of security products, services, and solutions throughout North America. The segment sells a broad range of products and solutions including locks, locksets, key systems, door controls and systems, exit devices, doors, accessories, electronic security products, access control systems and software and service solutions. Its customers include commercial, institutional, and residential facilities, including the education, healthcare, government, hospitality, retail, commercial office, and single and multi-family residential markets. Allegion International segment provides security products, services, and solutions primarily throughout Europe, Asia, and Oceania. Allegion's brands include CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin.

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Allegion PLC’s Stock Price as of Market Close

As of October 18, 2023, 4:00 PM, CST, Allegion PLC’s stock price was $100.07.

Allegion PLC is down 5.23% from its previous closing price of $105.59.

During the last market session, Allegion PLC’s stock traded between $103.91 and $106.75. Currently, there are 87.90 million shares of Allegion PLC stock available for purchase.

Allegion PLC’s price-earnings (P/E) ratio is currently at 18.1, which is high compared to the Communications & Networking industry median of 17.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Allegion PLC Stock Price History

Allegion PLC’s (ALLE) price is currently down 3.96% so far this month.

During the month of October, Allegion PLC’s stock price has reached a high of $106.75 and a low of $99.88.

Over the last year, Allegion PLC has hit prices as high as $128.36 and as low as $88.82. Year to date, Allegion PLC’s stock is down 24.44%.

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What Caused Allegion PLC Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 17, 2023, there were 2 analysts who downgraded Allegion PLC’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Allegion PLC’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Allegion PLC’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Allegion PLC’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Allegion PLC (ALLE) by visiting AAII Stock Evaluator.

Relative Price Strength of Allegion PLC

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 17, 2023, Allegion PLC has a weighted four-quarter relative price strength of -2.96%, which translates to a Momentum Score of 58 and is considered to be Average.

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Allegion PLC Stock Price: Bottom Line

As of October 18, 2023, Allegion PLC’s stock price is $100.07, which is down 5.23% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Allegion PLC stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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