Schneider Electric SE (OTCMKTS:SBGSY) Receives Consensus Rating of “Buy” from Analysts

Schneider Electric SE (OTCMKTS:SBGSY) has been given an average rating of “Buy” by the ten brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of brokerages recently weighed in on SBGSY. Zacks Research cut Schneider Electric from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research note on Monday, June 29th. Erste Group Bank upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Santander lowered shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 8th. Finally, Barclays restated an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th.

Schneider Electric Price Performance

SBGSY opened at $68.40 on Monday. The business has a fifty day simple moving average of $67.31 and a 200-day simple moving average of $63.58. Schneider Electric has a fifty-two week low of $50.61 and a fifty-two week high of $71.98.

Institutional Trading of Schneider Electric

Hedge funds have recently modified their holdings of the business. Madison Asset Management LLC grew 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 valued at $16,072,000 after buying an additional 6,591 shares in the last quarter. Azimuth Capital Investment Management LLC purchased a new stake in Schneider Electric in the 2nd quarter worth about $11,623,000. Elefante Mark B boosted its position in 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 acquiring an additional 8,800 shares during the period. Finally, Notis McConarty Edward grew its stake in Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after acquiring an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 0.83% of the company’s stock.

Schneider Electric Company Profile

Schneider Electric SE is a France-based global provider of energy management and industrial automation technologies. The company helps businesses, infrastructure operators, data centers, buildings and residential customers manage electrical power more efficiently, reliably and sustainably.

Its products and services include low- and medium-voltage electrical distribution equipment, circuit breakers, switches, power monitoring systems, uninterruptible power supplies, industrial control and automation systems, building management technologies, and related software and digital services.