Schneider Electric SE (OTCMKTS:SBGSY) Receives Consensus Rating of “Buy” from Brokerages

Schneider Electric SE (OTCMKTS:SBGSY) has been given a consensus rating of “Buy” by the eleven analysts that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company.

A number of research analysts have recently commented on the stock. Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research note on Monday, June 29th. Barclays reiterated an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Finally, Berenberg Bank upgraded Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st.

Schneider Electric Stock Performance

OTCMKTS SBGSY opened at $70.82 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19. Schneider Electric has a fifty-two week low of $48.68 and a fifty-two week high of $71.98. The business has a 50 day moving average price of $63.93 and a two-hundred day moving average price of $61.78.

Institutional Investors Weigh In On Schneider Electric

Hedge funds have recently bought and sold shares of the business. Notis McConarty Edward increased its holdings in Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after purchasing an additional 425 shares during the last quarter. Madison Asset Management LLC boosted its stake in shares of Schneider Electric by 2.7% during the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after buying an additional 6,591 shares during the last quarter. Finally, Elefante Mark B grew its position in shares of Schneider Electric by 10.0% during the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after buying an additional 8,800 shares in the last quarter. Institutional investors and hedge funds own 0.83% of the company’s stock.

About Schneider Electric

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.