OSRAM Licht (OSR) Given a €54.50 Price Target by Morgan Stanley Analysts
OSRAM Licht (FRA:OSR) has been given a €54.50 ($64.88) target price by research analysts at Morgan Stanley in a note issued to investors on Thursday. The brokerage currently has a “sell” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 22.86% from the company’s current price.
A number of other research firms have also recently issued reports on OSR. Baader Bank set a €78.00 ($92.86) target price on OSRAM Licht and gave the company a “buy” rating in a research report on Friday, November 24th. UBS set a €86.00 ($102.38) price target on OSRAM Licht and gave the stock a “buy” rating in a report on Wednesday, November 29th. Bankhaus Lampe set a €87.00 ($103.57) price target on OSRAM Licht and gave the stock a “buy” rating in a report on Tuesday, October 10th. Kepler Capital Markets set a €60.00 ($71.43) price target on OSRAM Licht and gave the stock a “sell” rating in a report on Wednesday, November 8th. Finally, Independent Research set a €71.00 ($84.52) price target on OSRAM Licht and gave the stock a “neutral” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of €76.28 ($90.81).
OSRAM Licht (FRA OSR) traded up €1.64 ($1.95) during trading on Thursday, reaching €70.65 ($84.11). The company’s stock had a trading volume of 161,251 shares. OSRAM Licht has a 1 year low of €47.00 ($55.95) and a 1 year high of €73.41 ($87.39).
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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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