Schneider Electric (OTCMKTS:SBGSY) Shares Gap Up – Still a Buy?

Schneider Electric SE (OTCMKTS:SBGSY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $54.63, but opened at $56.85. Schneider Electric shares last traded at $56.42, with a volume of 34,109 shares changing hands.

Wall Street Analyst Weigh In

SBGSY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Schneider Electric in a research report on Wednesday, October 1st. Santander raised Schneider Electric to an “outperform” rating in a report on Wednesday, September 3rd. Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 11th. Morgan Stanley raised shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 27th. Finally, Zacks Research raised Schneider Electric from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Schneider Electric Stock Up 3.1%

The company’s 50 day simple moving average is $55.65 and its two-hundred day simple moving average is $53.39.

About Schneider Electric

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.