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

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

A number of research analysts have issued reports on SBGSY shares. Citigroup restated a “buy” rating on shares of Schneider Electric in a research report on Monday, December 15th. JPMorgan Chase & Co. raised Schneider Electric from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 4th. Morgan Stanley raised Schneider Electric from an “equal weight” rating to an “overweight” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Schneider Electric in a report on Monday, February 9th. Finally, Evercore began coverage on shares of Schneider Electric in a research report on Monday, December 15th. They set an “outperform” rating for the company.

Schneider Electric Stock Performance

Shares of OTCMKTS:SBGSY opened at $60.55 on Friday. Schneider Electric has a 12-month low of $39.77 and a 12-month high of $65.19. The business has a 50 day moving average of $56.71 and a 200-day moving average of $54.98.

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.