What Are Wall Street Analysts' Target Price for Allegion Stock?

Valued at a market cap of $12.2 billion, Allegion plc (ALLE) is a global security products and solutions provider that secures people and assets with a range of solutions for homes, businesses, schools, and institutions. Based in Dublin, Ireland, the company offers a range of products and solutions, including locksets, key systems, exit devices, doors, accessories, electronic security products, access control systems, and software and service solutions. 

Shares of ALLE have outpaced the broader market over the past 52 weeks. ALLE has risen 15.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.1%. Moreover, shares of ALLE are up 8.4% on a YTD basis, compared to SPX’s marginal dip.