Schneider Electric (OTCMKTS:SBGSY) Raised to Strong-Buy at Erste Group Bank

Erste Group Bank upgraded shares of Schneider Electric (OTCMKTS:SBGSY) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms also recently commented on SBGSY. Kepler Capital Markets downgraded Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Zacks Research raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Santander raised Schneider Electric to an “outperform” rating in a research note on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft raised Schneider Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. Four analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Schneider Electric has an average rating of “Buy”.

Schneider Electric Trading Up 0.8%

SBGSY stock opened at $54.40 on Thursday. The business has a 50-day simple moving average of $52.12 and a 200 day simple moving average of $49.93. Schneider Electric has a 52 week low of $39.77 and a 52 week high of $56.98. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.35.

Schneider Electric Company Profile

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.