Schneider Electric S.E. (OTCMKTS:SBGSY) Upgraded to “Buy” by Erste Group Bank

Schneider Electric S.E. (OTCMKTS:SBGSYGet Rating) was upgraded by equities researchers at Erste Group Bank from a “hold” rating to a “buy” rating in a note issued to investors on Friday, The Fly reports.

Other research analysts have also issued reports about the stock. Royal Bank of Canada upped their target price on shares of Schneider Electric S.E. from €135.00 ($139.18) to €145.00 ($149.48) and gave the company a “sector perform” rating in a report on Friday, July 29th. Morgan Stanley reduced their target price on shares of Schneider Electric S.E. from €157.00 ($161.86) to €153.00 ($157.73) in a report on Monday, August 1st. Citigroup upped their target price on shares of Schneider Electric S.E. to €135.00 ($139.18) in a report on Friday, July 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Schneider Electric S.E. from a “hold” rating to a “buy” rating in a report on Wednesday, September 14th. Finally, Barclays cut their price objective on shares of Schneider Electric S.E. from €155.00 ($159.79) to €140.00 ($144.33) in a report on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $152.57.

Schneider Electric S.E. Stock Performance

OTCMKTS:SBGSY opened at $29.45 on Friday. The company’s 50-day moving average is $24.98 and its two-hundred day moving average is $25.40. Schneider Electric S.E. has a 12-month low of $21.37 and a 12-month high of $40.45.

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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Analyst Recommendations for Schneider Electric S.E. (OTCMKTS:SBGSY)

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