Schneider Electric (OTCMKTS:SBGSY – Get Free Report) was downgraded by equities research analysts at Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, Zacks reports.
Several other analysts have also recently weighed in on SBGSY. Zacks Research cut shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Schneider Electric in a research note on Monday, June 29th. Barclays reissued an “overweight” rating on shares of Schneider Electric in a research report on Monday, October 5th. Finally, Santander lowered Schneider Electric from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on SBGSY
Schneider Electric Price Performance
Shares of Schneider Electric stock opened at $52.65 on Wednesday. The firm has a 50-day moving average of $64.55 and a 200-day moving average of $63.78. Schneider Electric has a 52-week low of $50.61 and a 52-week high of $71.98.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Azimuth Capital Investment Management LLC bought a new stake in Schneider Electric during the second quarter worth $11,623,000. Elefante Mark B increased its stake in shares of Schneider Electric by 10.0% in the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after purchasing an additional 8,800 shares during the last quarter. Madison Asset Management LLC increased its stake in shares of Schneider Electric by 2.7% in the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after purchasing an additional 6,591 shares during the last quarter. Finally, Notis McConarty Edward increased its stake in shares of Schneider Electric by 0.5% in the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after purchasing an additional 425 shares during the last quarter. 0.83% of the stock is currently owned by institutional investors and hedge funds.
About Schneider Electric
Schneider Electric SE is a France-based multinational company specializing in energy management and industrial automation. Its offerings help businesses, infrastructure operators, data centers, buildings and residential customers distribute, control, monitor and optimize electricity while improving operational efficiency and sustainability.
The company provides electrical distribution equipment, circuit breakers, switchgear, power management systems, industrial automation and control technologies, building-management solutions, and data-center infrastructure.
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