Legrand (OTCMKTS:LGRVF) Shares Gap Up – Still a Buy?

Legrand SA (OTCMKTS:LGRVF) shares gapped up prior to trading on Monday. The stock had previously closed at $143.59, but opened at $154.80. Legrand shares last traded at $154.80, with a volume of 141 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group upgraded shares of Legrand to a “buy” rating in a research report on Wednesday, October 21st. Evercore upgraded shares of Legrand to an “outperform” rating in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Legrand presently has an average rating of “Buy”.

Legrand Trading Up 8.8%

The stock has a market cap of $41.20 billion, a P/E ratio of 36.00 and a beta of 1.01. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $156.60 and a two-hundred day moving average price of $163.80.

About Legrand

Legrand is a France-based specialist in electrical and digital building infrastructure. Founded in Limoges in 1865 as a porcelain workshop, the company later shifted its focus to electrical equipment and expanded into products for modern buildings.

Its offerings include switches and sockets, circuit breakers and electrical distribution systems, cable management, lighting controls, and solutions for connected buildings and data centers. Legrand serves residential, commercial, and industrial customers.

The company operates internationally, with products and services serving markets across the Americas, Europe, and other regions.