Schneider Electric SE (OTCMKTS:SBGSY) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Schneider Electric SE (OTCMKTS:SBGSY) have been assigned an average recommendation of “Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company.

SBGSY has been the subject of a number of recent analyst reports. Berenberg Bank upgraded shares of Schneider Electric to a “strong-buy” rating in a report on Monday, June 1st. Zacks Research upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th.

Schneider Electric Stock Performance

Shares of OTCMKTS SBGSY opened at $70.35 on Friday. The firm’s 50 day moving average price is $63.50 and its 200-day moving average price is $61.48. Schneider Electric has a 52-week low of $48.68 and a 52-week high of $70.76. The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61.

Institutional Trading of Schneider Electric

A hedge fund recently raised its position in Schneider Electric stock. Notis McConarty Edward increased its stake in shares of Schneider Electric SE (OTCMKTS:SBGSY) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,119 shares of the industrial products company’s stock after purchasing an additional 425 shares during the period. Schneider Electric makes up 2.4% of Notis McConarty Edward’s investment portfolio, making the stock its 17th largest holding. Notis McConarty Edward’s holdings in Schneider Electric were worth $5,548,000 as of its most recent filing with the Securities & Exchange Commission. 0.83% of the stock is currently owned by institutional investors and hedge funds.

Schneider Electric Company Profile

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.