Schneider Electric (OTCMKTS:SBGSY) Shares Gap Up – Still a Buy?

Shares of Schneider Electric SE (OTCMKTS:SBGSY) gapped up prior to trading on Thursday . The stock had previously closed at $54.63, but opened at $56.85. Schneider Electric shares last traded at $56.42, with a volume of 34,109 shares traded.

Wall Street Analyst Weigh In

SBGSY has been the subject of a number of research analyst reports. Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Schneider Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. Santander raised shares of Schneider Electric to an “outperform” rating in a research note on Wednesday, September 3rd. Zacks Research upgraded shares of Schneider Electric from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Finally, Morgan Stanley raised Schneider Electric from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Schneider Electric Stock Up 3.1%

The stock has a fifty day moving average price of $55.65 and a two-hundred day moving average price of $53.39.

About Schneider Electric

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.