Legrand (OTCMKTS:LGRVF) Rating Lowered to Sell at Zacks Investment Research

Legrand (OTCMKTS:LGRVF) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Legrand SA provides electrical and digital building infrastructures. It offers solutions for international commercial, industrial and residential markets. Legrand SA is headquartered in Limoges, France. “

Several other research firms have also recently weighed in on LGRVF. Berenberg Bank cut Legrand to a “hold” rating in a research report on Wednesday, August 4th. Deutsche Bank Aktiengesellschaft raised Legrand from a “hold” rating to a “buy” rating in a research report on Monday, July 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $111.00.

Shares of Legrand stock opened at $116.50 on Tuesday. Legrand has a 1 year low of $75.25 and a 1 year high of $116.50. The business has a 50-day moving average of $113.03 and a two-hundred day moving average of $106.11. The company has a market capitalization of $31.01 billion, a P/E ratio of 30.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 1.23.

Legrand (OTCMKTS:LGRVF) last announced its quarterly earnings results on Friday, July 30th. The company reported $1.13 earnings per share (EPS) for the quarter. Legrand had a return on equity of 17.54% and a net margin of 13.05%. The company had revenue of $2.14 billion during the quarter. On average, equities analysts anticipate that Legrand will post 3.93 EPS for the current fiscal year.

Legrand Company Profile

Legrand SA is a holding company, which engages in the manufacture of electrical and digital building infrastructures. Its services include the provision of control and command of electric power, cable management, power distribution, and voice-data-image distribution. The company was founded in 1926 and is headquartered in Limoges, France.

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Analyst Recommendations for Legrand (OTCMKTS:LGRVF)

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