Schneider Electric (OTCMKTS:SBGSY) Reaches New 1-Year High – Still a Buy?

Schneider Electric SE (OTCMKTS:SBGSY) reached a new 52-week high during trading on Wednesday . The company traded as high as $66.9899 and last traded at $66.88, with a volume of 531691 shares trading hands. The stock had previously closed at $64.14.

Analysts Set New Price Targets

SBGSY has been the topic of a number of research analyst reports. Barclays upgraded shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Schneider Electric in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Schneider Electric Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.90. The company’s 50-day moving average is $59.73 and its two-hundred day moving average is $57.44.

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.