Should Investors Be Buying OSRAM Licht (ETR:OSR) Shares? Commerzbank AG Has Just Upgraded The Stock


OSRAM Licht (ETR:OSR) Stock Upgrade

In an interesting research report disseminated on Wednesday, 9 December, Commerzbank AG has boosted shares of OSRAM Licht (ETR:OSR) stock to a solid Buy and has set an estimated 12-month target PPS to EUR 50.00. This target is 32.70% from OSR’s current share price.

From a total of 11 analysts covering OSRAM Licht (ETR:OSR) stock, 5 rate it a ”Buy”, 3 a “Sell”, and 3 a ”Hold”. This means that 45% of the ratings are positive. The highest target price is €65 while the lowest target price is €34. The mean of all analyst targets is €46.10 with a 26.72% above today’s (€36.38) stock price. OSRAM Licht was the topic of 22 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Commerzbank upgraded shares on December 9 to “Buy” rating. Bankhaus Lampe upgraded shares to “Buy” rating and €45 target share price in a report from a November 16. Societe Generale downgraded OSR stock in a recent report from December 5 to “Sell” rating. Landesbank upgraded the rating on November 13. Landesbank has a “Buy” rating and a €46 price target on shares. Finally, Deutsche Bank upgraded the stock to “Buy” rating in a report issued on a November 17.

Approximately 164,146 shares of stock traded hands. Osram Licht AG (ETR:OSR) has risen 6.00% since November 9, 2015 and is uptrending. It has outperformed by 6.80% the S&P500.

 Should Investors Be Buying OSRAM Licht (ETR:OSR) Shares? Commerzbank AG Has Just Upgraded The Stock

Osram Licht AG is a Germany-based company active in the field of lighting fixtures. The company has a market cap of 3.75 billion EUR. The Firm develops and makes lamps, lighting systems, electronic control gears, opto semiconductors such as light-emitting diodes , as well as luminaries, light management systems and lighting solutions for indoor and outdoor environments. It has 34.87 P/E ratio. The Company’s activities are diversified into five core divisions: Classic Lamps and Ballasts (CLB), Specialty Lighting (SL), Opto Semiconductors (OS), Luminaries and Solutions (LS), and LED Lamps and Solutions (LLS).