Schneider Electric (OTCMKTS:SBGSY) Shares Gap Up – Still a Buy?

Shares of Schneider Electric SE (OTCMKTS:SBGSY) gapped up prior to trading on Thursday . The stock had previously closed at $54.63, but opened at $56.85. Schneider Electric shares last traded at $56.42, with a volume of 34,109 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have commented on SBGSY. Kepler Capital Markets upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 30th. Zacks Research raised shares of Schneider Electric from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Citigroup reissued a “buy” rating on shares of Schneider Electric in a report on Wednesday, October 1st. Santander upgraded shares of Schneider Electric to an “outperform” rating in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. raised shares of Schneider Electric from a “neutral” rating to an “overweight” rating in a report on Thursday, December 4th. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Schneider Electric Stock Down 1.9%

The company’s 50 day moving average price is $55.54 and its two-hundred day moving average price is $53.45.

Schneider Electric Company Profile

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.