Schneider Electric S.E. (OTCMKTS:SBGSY) Cut to Sell at Zacks Investment Research

Schneider Electric S.E. (OTCMKTS:SBGSYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Schneider Electric SA offers integrated solutions across multiple market segments energy and infrastructure, industrial processes, building automation, and data centers or networks, as well as in residential applications. The Company is focused on making energy safe, reliable, and efficient. Its power management systems offers high density metering, energy tariff optimization, power quality mitigation, local LV/MV protection & control, intelligent power & motor control, renewable energy conversion and electric vehicle recharging. Its process and machine management system offers general machines control, packaging control and material handling control and hoisting control. Its IT / server room management systems offer rack systems, uninterruptible power supply, cooling control and surveillance. It also has building management systems and security management systems. Schneider Electric SA is headquartered in Rueil Malmaison, France. “

SBGSY has been the topic of a number of other research reports. Citigroup upgraded shares of Schneider Electric S.E. from a “sell” rating to a “neutral” rating in a report on Tuesday, February 8th. HSBC raised Schneider Electric S.E. from a “hold” rating to a “buy” rating in a report on Tuesday, March 1st. Barclays dropped their price objective on Schneider Electric S.E. from €200.00 ($208.33) to €185.00 ($192.71) and set an “overweight” rating on the stock in a research report on Monday, April 4th. Finally, JPMorgan Chase & Co. decreased their target price on Schneider Electric S.E. from €180.00 ($187.50) to €175.00 ($182.29) and set an “overweight” rating for the company in a research report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $151.40.

SBGSY opened at $26.10 on Thursday. Schneider Electric S.E. has a 1 year low of $25.57 and a 1 year high of $40.45. The stock has a 50-day moving average price of $30.54 and a 200-day moving average price of $33.61. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.27.

About Schneider Electric S.E. (Get Rating)

Schneider Electric S.E. provides energy and automation digital solutions worldwide. It operates through two segments, Energy Management and Industrial Automation. The company offers busway and cable support products, circuit breakers and switches, contactors and protection relays, electrical protection and control products, energy management software solutions, transfer switches, surge protection and power conditioning products, power monitoring and control products, power quality and power factor correction products, pushbuttons, switches, pilot lights and joysticks, software products, and switchboards and enclosures.

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