Schneider Electric (OTCMKTS:SBGSY) Upgraded to “Overweight” at JPMorgan Chase & Co.

Schneider Electric (OTCMKTS:SBGSY) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Thursday.

A number of other research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Schneider Electric from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. Zacks Research raised shares of Schneider Electric from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Santander raised shares of Schneider Electric to an “outperform” rating in a research note on Wednesday, September 3rd. Citigroup reiterated a “buy” rating on shares of Schneider Electric in a research note on Wednesday, October 1st. Finally, Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Schneider Electric presently has a consensus rating of “Buy”.

Schneider Electric Price Performance

Schneider Electric stock opened at $53.69 on Thursday. Schneider Electric has a 52 week low of $39.77 and a 52 week high of $60.29. The stock has a fifty day moving average of $55.73 and a 200-day moving average of $53.20.

About Schneider Electric

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.