Schneider Electric (OTCMKTS:SBGSY) Reaches New 12-Month High on Analyst Upgrade

Schneider Electric SE (OTCMKTS:SBGSY) shares hit a new 52-week high on Wednesday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $57.14 and last traded at $57.11, with a volume of 8644 shares trading hands. The stock had previously closed at $56.02.

Other equities research analysts have also recently issued reports about the company. Zacks Research cut Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft raised Schneider Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. Erste Group Bank raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 11th. Finally, Santander raised Schneider Electric to an “outperform” rating in a research note on Wednesday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Schneider Electric Trading Up 3.1%

The company has a 50-day moving average price of $52.43 and a 200-day moving average price of $50.49.

About Schneider Electric

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.