Schneider Electric (OTCMKTS:SBGSY) Hits New 12-Month High – Still a Buy?

Schneider Electric SE (OTCMKTS:SBGSY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $65.58 and last traded at $65.10, with a volume of 10367 shares. The stock had previously closed at $63.06.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SBGSY. JPMorgan Chase & Co. raised Schneider Electric from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 4th. Evercore assumed coverage on shares of Schneider Electric in a report on Monday, December 15th. They set an “outperform” rating on the stock. Citigroup reiterated a “buy” rating on shares of Schneider Electric in a report on Monday, December 15th. Zacks Research upgraded shares of Schneider Electric from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Schneider Electric in a research note on Monday, February 9th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Schneider Electric Trading Up 2.1%

The stock has a 50-day moving average of $57.45 and a 200 day moving average of $55.41.

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.