Shares of Acuity Brands Inc (Symbol: AYI) have surpassed the average analyst 12-month target price of $197.75, currently trading at $200.08 per share. This milestone prompts analysts to evaluate their outlook, as they may choose to adjust target prices or downgrade valuations based on recent business developments.
Analyst targets for Acuity Brands vary, with one forecast at $190.00 and another as high as $210.00. The average target reflects contributions from four analysts, with a standard deviation of $8.81. Currently, there are three “Strong Buy” ratings and two “Hold” ratings, resulting in an average rating of 1.8 on a scale where 1 is Strong Buy and 5 is Strong Sell.
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