Schneider Electric (OTCMKTS:SBGSY) Hits New 52-Week High – Should You Buy?

Schneider Electric SE (OTCMKTS:SBGSY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $70.76 and last traded at $70.35, with a volume of 157088 shares trading hands. The stock had previously closed at $69.57.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SBGSY. Berenberg Bank raised shares of Schneider Electric to a “strong-buy” rating in a research report on Monday, June 1st. Morgan Stanley restated an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Finally, Barclays restated an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Schneider Electric Trading Up 1.1%

The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $63.50 and a 200 day moving average price of $61.48.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Schneider Electric stock. Madison Asset Management LLC boosted its stake in shares of Schneider Electric SE (OTCMKTS:SBGSY) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,582 shares of the industrial products company’s stock after buying an additional 6,591 shares during the quarter. Madison Asset Management LLC’s holdings in Schneider Electric were worth $16,072,000 as of its most recent SEC filing. 0.83% of the stock is owned by hedge funds and other institutional investors.

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.