Schneider Electric (OTCMKTS:SBGSY) Reaches New 12-Month High – Should You Buy?

Schneider Electric SE (OTCMKTS:SBGSY)’s share price hit a new 52-week high on Thursday . The company traded as high as $69.8499 and last traded at $69.30, with a volume of 187678 shares. The stock had previously closed at $69.27.

Wall Street Analyst Weigh In

SBGSY has been the topic of several recent analyst reports. Berenberg Bank upgraded shares of Schneider Electric to a “strong-buy” rating in a report on Monday, June 1st. Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Barclays restated an “overweight” rating on shares of Schneider Electric in a research note on Monday, July 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Schneider Electric presently has an average rating of “Buy”.

Schneider Electric Price Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.90. The company’s 50 day moving average is $63.05 and its two-hundred day moving average is $61.04.

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.