Schneider Electric SE (OTCMKTS:SBGSY) Given Average Recommendation of “Buy” by Analysts

Schneider Electric SE (OTCMKTS:SBGSY) has been given an average rating of “Buy” by the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have given a strong buy recommendation to the company.

A number of brokerages have issued reports on SBGSY. Zacks Research raised Schneider Electric from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. upgraded shares of Schneider Electric from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 4th. Morgan Stanley upgraded shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a report on Monday, October 27th. Evercore ISI initiated coverage on shares of Schneider Electric in a report on Monday, December 15th. They set an “outperform” rating for the company. Finally, Citigroup reiterated a “buy” rating on shares of Schneider Electric in a report on Monday, December 15th.

Schneider Electric Stock Down 2.3%

OTCMKTS:SBGSY opened at $53.32 on Wednesday. Schneider Electric has a one year low of $39.77 and a one year high of $60.29. The stock has a 50 day moving average price of $54.53 and a 200 day moving average price of $54.27.

About Schneider Electric

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.