Schneider Electric SE (OTCMKTS:SBGSY) Given Consensus Rating of “Buy” by Brokerages

Shares of Schneider Electric SE (OTCMKTS:SBGSY) have been given an average recommendation of “Buy” by the eleven research firms that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company.

Several equities analysts have weighed in on the company. Barclays reissued an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th. Erste Group Bank raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Berenberg Bank upgraded Schneider Electric to a “strong-buy” rating in a research report on Monday, June 1st. Morgan Stanley reissued an “overweight” rating on shares of Schneider Electric in a research note on Monday, June 29th. Finally, Zacks Research raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th.

Schneider Electric Stock Down 0.3%

Shares of Schneider Electric stock opened at $71.33 on Friday. Schneider Electric has a 1 year low of $48.68 and a 1 year high of $71.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19. The business has a 50 day moving average price of $63.73 and a 200 day moving average price of $61.72.

Institutional Trading of Schneider Electric

Hedge funds have recently bought and sold shares of the company. Notis McConarty Edward grew its stake in Schneider Electric by 0.5% in the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after acquiring an additional 425 shares during the period. Elefante Mark B lifted its stake in shares of Schneider Electric by 10.0% during the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after purchasing an additional 8,800 shares during the period. Finally, Madison Asset Management LLC boosted its holdings in shares of Schneider Electric by 2.7% during the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after purchasing an additional 6,591 shares during the last quarter. Institutional investors and hedge funds own 0.83% of the company’s stock.

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.