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

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

SBGSY has been the subject of a number of research analyst reports. Zacks Research upgraded Schneider Electric from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Morgan Stanley upgraded Schneider Electric from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 27th. Citigroup restated a “buy” rating on shares of Schneider Electric in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Schneider Electric in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. upgraded shares of Schneider Electric from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 4th.

Schneider Electric Price Performance

Shares of SBGSY opened at $61.02 on Friday. The firm has a 50-day moving average of $56.94 and a 200-day moving average of $55.07. Schneider Electric has a one year low of $39.77 and a one year high of $65.19.

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.