Schneider Electric SE (OTCMKTS:SBGSY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Schneider Electric SE (OTCMKTS:SBGSY) have earned a consensus rating of “Buy” from the ten analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and three have assigned a strong buy recommendation to the company.

A number of research analysts have recently commented on the stock. Berenberg Bank raised shares of Schneider Electric to a “strong-buy” rating in a report on Monday, June 1st. Barclays restated an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th. Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Morgan Stanley reiterated an “overweight” rating on shares of Schneider Electric in a report on Monday, June 29th. Finally, Zacks Research downgraded Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Thursday.

Schneider Electric Stock Up 0.3%

OTCMKTS:SBGSY opened at $66.78 on Thursday. Schneider Electric has a twelve month low of $50.61 and a twelve month high of $71.98. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $65.43 and its 200 day simple moving average is $62.73.

Institutional Trading of Schneider Electric

Hedge funds and other institutional investors have recently made changes to their positions in the company. Notis McConarty Edward increased its stake in shares of Schneider Electric by 0.5% in the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after buying an additional 425 shares during the period. Elefante Mark B boosted its position in Schneider Electric by 10.0% during the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after buying an additional 8,800 shares during the period. Azimuth Capital Investment Management LLC bought a new stake in Schneider Electric during the 2nd quarter worth approximately $11,623,000. Finally, Madison Asset Management LLC grew its holdings in Schneider Electric by 2.7% during the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after acquiring an additional 6,591 shares during the last quarter. 0.83% of the stock is currently owned by institutional investors.

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.