LeGrand (OTCMKTS:LGRDY) Reaches New 1-Year High – Here’s What Happened

LeGrand SA (OTCMKTS:LGRDY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.9195 and last traded at $36.65, with a volume of 5784 shares trading hands. The stock had previously closed at $34.56.

Wall Street Analyst Weigh In

LGRDY has been the subject of several research reports. Barclays reissued an “overweight” rating on shares of LeGrand in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research note on Tuesday, January 6th. Kepler Capital Markets raised LeGrand from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. UBS Group raised LeGrand to a “hold” rating in a report on Tuesday, December 16th. Finally, The Goldman Sachs Group lowered shares of LeGrand from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, LeGrand has a consensus rating of “Moderate Buy”.

LeGrand Stock Performance

The firm has a market capitalization of $46.81 billion, a PE ratio of 35.81, a P/E/G ratio of 2.28 and a beta of 0.90. The business has a 50-day simple moving average of $30.42 and a 200-day simple moving average of $31.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.69.

LeGrand Company Profile

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.