|Bid||212.70 x 0|
|Ask||212.90 x 0|
|Day's range||210.70 - 214.40|
|52-week range||207.30 - 290.60|
|Beta (5Y monthly)||0.60|
|PE ratio (TTM)||20.52|
|Forward dividend & yield||4.20 (1.93%)|
|Ex-dividend date||21 Nov 2022|
|1y target est||287.56|
ASAZY vs. ALRM: Which Stock Is the Better Value Option?
STOCKHOLM (Reuters) -Assa Abloy said on Wednesday material shortages and supply chain problems would continue to impact its markets, after posting third-quarter profit below market expectations. The world's biggest lockmaker said it expected growth in Europe and the Americas to recover to normal levels ahead, while its travel-related business was recovering slowly. Like-for-like sales growth came in at 7%, helped by the reopening of societies in most of Assa's core markets during the quarter.
U.S. lockmaker Spectrum Brands Holdings Inc has agreed to sell its hardware and home improvement division to Swedish rival Assa Abloy for $4.3 billion in cash. Shares in Assa Abloy rose 6.2% in early trade on Thursday, buoyed by the deal and the prospects for expansion beyond its commercial business in North America into the residential market. "In summary, a great addition to Assa Abloy Group; really the missing piece for us in the Americas and in North America, the U.S. in particular," CEO Nico Delvaux told analysts and reporters.