Schneider Electric SE (OTCMKTS:SBGSY) Receives Average Recommendation of “Buy” from Brokerages

Shares of Schneider Electric SE (OTCMKTS:SBGSY) have been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and three have assigned a strong buy recommendation to the company.

SBGSY has been the subject of several recent research reports. JPMorgan Chase & Co. raised Schneider Electric from a “neutral” rating to an “overweight” rating in a report on Thursday, December 4th. Kepler Capital Markets upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 30th. Evercore ISI initiated coverage on Schneider Electric in a report on Monday, December 15th. They set an “outperform” rating on the stock. Citigroup reissued a “buy” rating on shares of Schneider Electric in a report on Monday, December 15th. Finally, Morgan Stanley raised shares of Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 27th.

Schneider Electric Trading Up 2.8%

SBGSY stock opened at $56.72 on Wednesday. The firm has a 50-day moving average of $54.63 and a two-hundred day moving average of $54.34. Schneider Electric has a 12 month low of $39.77 and a 12 month high of $60.29.

Schneider Electric Company Profile

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.