Morgan Stanley Lowers SCHNEIDER ELEC /ADR (OTCMKTS:SBGSY) to Equal Weight

Morgan Stanley cut shares of SCHNEIDER ELEC /ADR (OTCMKTS:SBGSY) from an overweight rating to an equal weight rating in a research note published on Thursday, The Fly reports.

SBGSY has been the subject of several other reports. ValuEngine raised shares of SCHNEIDER ELEC /ADR from a sell rating to a hold rating in a report on Thursday, April 2nd. Deutsche Bank cut shares of SCHNEIDER ELEC /ADR from a buy rating to a hold rating in a report on Wednesday, June 24th. Zacks Investment Research cut shares of SCHNEIDER ELEC /ADR from a hold rating to a sell rating in a report on Friday, July 3rd. JPMorgan Chase & Co. reissued an overweight rating on shares of SCHNEIDER ELEC /ADR in a report on Tuesday, June 30th. Finally, UBS Group reaffirmed a buy rating on shares of SCHNEIDER ELEC /ADR in a report on Tuesday, July 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. SCHNEIDER ELEC /ADR currently has a consensus rating of Hold and a consensus price target of $25.00.

Shares of SCHNEIDER ELEC /ADR stock opened at $22.97 on Thursday. The stock has a market capitalization of $66.53 billion, a PE ratio of 19.47 and a beta of 1.02. SCHNEIDER ELEC /ADR has a 52-week low of $13.49 and a 52-week high of $24.28. The company has a 50-day simple moving average of $22.09 and a two-hundred day simple moving average of $19.72.

About SCHNEIDER ELEC /ADR

Schneider Electric SE provides energy management and automation solutions worldwide. It operates through four businesses: Low Voltage, Medium Voltage, Secure Power, and Industrial Automation. The Low Voltage business provides low voltage power and building automation products and solutions that address the needs of various end markets from buildings to industries and infrastructure to data centers.

Featured Story: Asset Allocation and Your Retirement

The Fly

Analyst Recommendations for SCHNEIDER ELEC /ADR (OTCMKTS:SBGSY)

Receive News & Ratings for SCHNEIDER ELEC /ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCHNEIDER ELEC /ADR and related companies with MarketBeat.com's FREE daily email newsletter.