Schneider Electric (OTCMKTS:SBGSY) Sets New 1-Year High After Analyst Upgrade

Schneider Electric SE (OTCMKTS:SBGSY)’s share price hit a new 52-week high on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $69.8499 and last traded at $69.30, with a volume of 187678 shares changing hands. The stock had previously closed at $69.27.

Other research analysts have also issued reports about the company. Berenberg Bank raised Schneider Electric to a “strong-buy” rating in a report on Monday, June 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a report on Monday, June 29th. Barclays restated an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th. Finally, Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Four research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Schneider Electric Price Performance

The company’s 50-day moving average price is $63.33 and its two-hundred day moving average price is $61.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19.

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.