Credit Suisse Group Lowers Schneider Electric S.E. (OTCMKTS:SBGSY) Price Target to €160.00

Schneider Electric S.E. (OTCMKTS:SBGSYGet Rating) had its target price reduced by Credit Suisse Group from €170.00 ($175.26) to €160.00 ($164.95) in a report issued on Monday morning, The Fly reports.

SBGSY has been the topic of several other research reports. Bank of America upgraded shares of Schneider Electric S.E. from a neutral rating to a buy rating in a report on Wednesday, July 6th. Citigroup raised their target price on shares of Schneider Electric S.E. to €135.00 ($139.18) in a report on Friday. Sanford C. Bernstein cut shares of Schneider Electric S.E. from a market perform rating to an underperform rating in a report on Monday, July 11th. Royal Bank of Canada raised their target price on shares of Schneider Electric S.E. from €135.00 ($139.18) to €145.00 ($149.48) and gave the stock a sector perform rating in a report on Friday. Finally, Barclays cut their target price on shares of Schneider Electric S.E. from €175.00 ($180.41) to €145.00 ($149.48) and set an overweight rating on the stock in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $160.38.

Schneider Electric S.E. Stock Down 1.3 %

SBGSY stock opened at $27.30 on Monday. Schneider Electric S.E. has a one year low of $22.20 and a one year high of $40.45. The company’s 50 day moving average price is $25.23 and its two-hundred day moving average price is $29.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 0.81.

Schneider Electric S.E. Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 3rd. Stockholders of record on Wednesday, May 18th were issued a dividend of $0.4592 per share. This represents a dividend yield of 1.72%. The ex-dividend date of this dividend was Tuesday, May 17th.

Schneider Electric S.E. Company Profile

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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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