Schneider Electric SE (OTCMKTS:SBGSY – Get Free Report)’s stock price reached 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.
A number of other research analysts also recently weighed in on the company. Barclays reiterated an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Berenberg Bank upgraded shares of Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Morgan Stanley reiterated an “overweight” rating on shares of Schneider Electric in a research note on Monday, June 29th. Finally, Erste Group Bank upgraded 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 given a Buy rating to the company. According to data from MarketBeat.com, Schneider Electric presently has a consensus rating of “Buy”.
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Schneider Electric Price Performance
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.
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