Schneider Electric SE (OTCMKTS:SBGSY) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Schneider Electric SE (OTCMKTS:SBGSY) have earned an average rating of “Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company.

SBGSY has been the subject of several recent analyst reports. Evercore initiated coverage on Schneider Electric in a research note on Monday, December 15th. They set an “outperform” rating for the company. JPMorgan Chase & Co. raised Schneider Electric from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 4th. Zacks Research raised shares of Schneider Electric from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Citigroup reiterated a “buy” rating on shares of Schneider Electric in a research note on Monday, December 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Schneider Electric in a research note on Monday, February 9th.

Schneider Electric Trading Up 1.0%

Shares of Schneider Electric stock opened at $59.38 on Thursday. The business has a 50-day moving average price of $58.51 and a two-hundred day moving average price of $56.08. Schneider Electric has a 1-year low of $39.77 and a 1-year high of $65.67.

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.