LeGrand (OTCMKTS:LGRDY) Shares Gap Up – Here’s Why

Shares of LeGrand SA (OTCMKTS:LGRDY) gapped up prior to trading on Monday. The stock had previously closed at $28.01, but opened at $29.98. LeGrand shares last traded at $30.06, with a volume of 10,822 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on LGRDY. Deutsche Bank Aktiengesellschaft raised LeGrand from a “hold” rating to a “buy” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group raised shares of LeGrand from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. Morgan Stanley reiterated an “overweight” rating on shares of LeGrand in a research note on Friday, August 28th. Royal Bank Of Canada upgraded shares of LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 3rd. Finally, Barclays reaffirmed an “overweight” rating on shares of LeGrand in a report on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

LeGrand Price Performance

The company has a 50-day simple moving average of $30.70 and a 200-day simple moving average of $32.50. The stock has a market cap of $39.81 billion, a PE ratio of 24.06, a PEG ratio of 1.46 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.58 and a quick ratio of 1.12.

LeGrand (OTCMKTS:LGRDY) last posted its earnings results on Thursday, November 5th. The company reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.02 billion. LeGrand had a return on equity of 18.92% and a net margin of 13.10%. Sell-side analysts anticipate that LeGrand SA will post 1.41 EPS for the current fiscal year.

About LeGrand

Legrand is a French specialist in electrical and digital building infrastructure. Its products and systems support the distribution, control and management of power and data in residential, commercial and industrial buildings. The company’s offerings include wiring devices such as switches and outlets, cable management and electrical distribution equipment, building automation systems, and infrastructure for data centers. Legrand also provides connected solutions designed to help manage energy use, comfort and security.