Legrand SA to Issue Dividend of $0.25 (OTCMKTS:LGRDY)

Legrand SA (OTCMKTS:LGRDYGet Rating) declared a dividend on Saturday, May 21st, investing.com reports. Shareholders of record on Friday, May 27th will be given a dividend of 0.2465 per share on Thursday, June 16th. This represents a yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 26th.

Shares of LGRDY opened at $16.71 on Friday. The company’s fifty day moving average is $18.05 and its 200-day moving average is $20.12. Legrand has a 12 month low of $16.01 and a 12 month high of $23.59.

Several brokerages have recently commented on LGRDY. The Goldman Sachs Group lowered shares of Legrand from a “buy” rating to a “neutral” rating in a research note on Friday, March 25th. JPMorgan Chase & Co. increased their price target on shares of Legrand from €96.00 ($100.00) to €103.00 ($107.29) and gave the stock a “neutral” rating in a research note on Friday, May 6th. Societe Generale increased their price target on shares of Legrand from €95.00 ($98.96) to €100.00 ($104.17) and gave the stock a “buy” rating in a research note on Friday, May 6th. Jefferies Financial Group upgraded shares of Legrand from a “hold” rating to a “buy” rating in a research note on Thursday, January 27th. Finally, Morgan Stanley dropped their price target on shares of Legrand from €94.00 ($97.92) to €90.00 ($93.75) in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $108.83.

Legrand Company Profile (Get Rating)

Legrand SA, together with its subsidiaries, provides electrical and digital building infrastructures worldwide. The company offers MCBs, RCDs, and din rail equipment, including residual current circuit breakers, RCBOs, add-on modules and accessories, surge protective devices, other control and signaling devices, and time and light-sensitive switches, as well as dimmers, relays, transformers, power supplies, and accessories; ACBs, MCCBs, head equipment, and busbar systems; enclosures and accessories; equipment and accessories; home network, home automation, and hotel equipment; wiring accessories; weatherproof wiring accessories and other installation equipment; lighting management, emergency lighting, access control, and safety equipment; UPS and LCS products, cable management systems, equipment, and accessories; and mosaic wiring accessories.

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