Schneider Electric (OTCMKTS:SBGSY) Trading Down 2.3% – Here’s What Happened

Shares of Schneider Electric SE (OTCMKTS:SBGSY) fell 2.3% during trading on Tuesday . The stock traded as low as $53.13 and last traded at $53.32. 543,759 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 321,045 shares. The stock had previously closed at $54.57.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Evercore ISI initiated coverage on Schneider Electric in a research note on Monday, December 15th. They issued an “outperform” rating on the stock. Zacks Research upgraded Schneider Electric from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Morgan Stanley upgraded Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. upgraded Schneider Electric from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 4th. Finally, Citigroup restated a “buy” rating on shares of Schneider Electric in a research report on Monday, December 15th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Schneider Electric currently has a consensus rating of “Buy”.

Schneider Electric Stock Down 2.3%

The stock has a fifty day moving average price of $54.53 and a 200-day moving average price of $54.27.

About Schneider Electric

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.