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

Shares of Schneider Electric SE (OTCMKTS:SBGSY) have received an average recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating on the company.

Several analysts recently commented on SBGSY shares. Deutsche Bank Aktiengesellschaft upgraded shares of Schneider Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. upgraded shares of Schneider Electric from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 4th. Citigroup reiterated a “buy” rating on shares of Schneider Electric in a research note on Monday, December 15th. Zacks Research upgraded Schneider Electric from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Kepler Capital Markets raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 30th.

Schneider Electric Stock Up 0.2%

Shares of SBGSY stock opened at $55.53 on Friday. The stock’s 50-day moving average is $55.06 and its two-hundred day moving average is $53.83. Schneider Electric has a 1 year low of $39.77 and a 1 year high of $60.29.

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.