LeGrand SA (OTCMKTS:LGRDY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of LeGrand SA (OTCMKTS:LGRDY) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company.

Several brokerages recently weighed in on LGRDY. UBS Group raised LeGrand to a “hold” rating in a report on Tuesday, December 16th. Jefferies Financial Group upgraded shares of LeGrand from a “moderate sell” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Kepler Capital Markets upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Wednesday, October 1st. Finally, Barclays reaffirmed an “overweight” rating on shares of LeGrand in a report on Wednesday, December 3rd.

LeGrand Stock Performance

OTCMKTS LGRDY opened at $29.38 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78. LeGrand has a 52-week low of $18.85 and a 52-week high of $34.83. The business’s 50-day moving average price is $29.74 and its 200 day moving average price is $30.77. The firm has a market cap of $38.31 billion, a P/E ratio of 29.68, a P/E/G ratio of 1.98 and a beta of 0.88.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.05). LeGrand had a net margin of 16.71% and a return on equity of 16.05%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.62 billion. On average, equities research analysts expect that LeGrand will post 1.08 earnings per share for the current year.

About LeGrand

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.