Legrand (OTCMKTS:LGRVF) Shares Gap Up – Here’s Why

Legrand SA (OTCMKTS:LGRVF – Get Free Report)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $143.59, but opened at $154.80. Legrand shares last traded at $154.80, with a volume of 141 shares changing hands.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Legrand to a “buy” rating in a research report on Wednesday, October 21st. Evercore upgraded Legrand to an “outperform” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Get Our Latest Stock Report on Legrand

Legrand Price Performance

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95. The firm has a fifty day simple moving average of $156.60 and a 200 day simple moving average of $163.80. The company has a market capitalization of $41.20 billion, a PE ratio of 36.00 and a beta of 1.01.

Legrand Company Profile

(Get Free Report)

Legrand is a France-based specialist in electrical and digital building infrastructure. Founded in Limoges in 1865 as a porcelain workshop, the company later shifted its focus to electrical equipment and expanded into products for modern buildings.

Its offerings include switches and sockets, circuit breakers and electrical distribution systems, cable management, lighting controls, and solutions for connected buildings and data centers. Legrand serves residential, commercial, and industrial customers.

The company operates internationally, with products and services serving markets across the Americas, Europe, and other regions.

Further Reading

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