Acuity Brands with ticker code (AYI) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 245 and 210 with the average target price sitting at 230.25. With the stocks previous close at 195.64 this now indicates there is a potential upside of 17.7%. The 50 day MA is 190.71 and the 200 moving average now moves to 190.93. The company has a market capitalisation of $6,768m. Find out more information at: https://www.acuitybrands.com
The potential market cap would be $7,965m based on the market concensus.
Acuity Brands provides lighting and building management solutions in North America and internationally. The company operates through two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Sunoptics, eldoLED, nLight, Sensor Switch, IOTA, A-Light, Cyclone, Eureka, Lumniaire LED, Luminis, Dark to Light, and RELOC Wiring Solutions brands. This segment serves electrical distributors, retail home improvement centers, electric utilities, national accounts, digital retailers, lighting showrooms, and energy service companies. The ISG segment offers building management systems and location-aware applications under the Distech Controls, Atrius, and Rockpile Ventures brands. This segment serves system integrators, as well as retail stores, airports, and enterprise campuses. Acuity Brands was orporated in 2001 and is headquartered in Atlanta, Georgia.
