Legrand (OTCMKTS:LGRDY – Get Rating) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.
LGRDY has been the subject of a number of other research reports. Exane BNP Paribas lowered Legrand from an “outperform” rating to a “neutral” rating and set a €85.00 ($90.43) price objective for the company. in a research note on Wednesday, November 30th. Sanford C. Bernstein raised Legrand from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 4th. Oddo Bhf downgraded Legrand from an “outperform” rating to a “neutral” rating in a report on Friday, November 18th. Kepler Capital Markets upgraded Legrand from a “hold” rating to a “buy” rating in a report on Friday, February 10th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Legrand from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $88.14.
Legrand Trading Down 3.0 %
Shares of Legrand stock opened at $18.08 on Friday. The company has a 50 day simple moving average of $18.02 and a two-hundred day simple moving average of $16.09. Legrand has a 1 year low of $12.43 and a 1 year high of $20.18.
Legrand Company Profile
Legrand SA is a holding company, which engages in the manufacture of electrical and digital building infrastructures. Its services include the provision of control and command of electric power, cable management, power distribution, and voice-data-image distribution. The company was founded in 1926 and is headquartered in Limoges, France.
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