Schneider Electric (OTCMKTS:SBGSY) Reaches New 1-Year High – Should You Buy?

Schneider Electric SE (OTCMKTS:SBGSY)’s stock price reached a new 52-week high on Monday . The company traded as high as $67.16 and last traded at $66.92, with a volume of 424771 shares changing hands. The stock had previously closed at $66.93.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SBGSY. Barclays upgraded shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 13th. Berenberg Bank raised Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Schneider Electric Stock Down 0.5%

The firm’s 50 day simple moving average is $63.49 and its 200-day simple moving average is $59.45. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19.

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.