Legrand (OTCMKTS:LGRVF) Shares Gap Up – Still a Buy?

Shares of Legrand SA (OTCMKTS:LGRVF) gapped up before the market opened on Tuesday. The stock had previously closed at $162.6950, but opened at $169.96. Legrand shares last traded at $169.96, with a volume of 116 shares changing hands.

Analysts Set New Price Targets

Separately, Evercore upgraded Legrand to an “outperform” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Legrand Stock Performance

The company has a quick ratio of 1.39, a current ratio of 1.95 and a debt-to-equity ratio of 0.68. The firm’s 50 day simple moving average is $157.11 and its 200-day simple moving average is $163.78. The company has a market capitalization of $45.23 billion, a PE ratio of 39.53 and a beta of 1.01.

About Legrand

Legrand is a France-based specialist in electrical and digital building infrastructures. The company designs, manufactures and distributes products and systems used to manage, distribute, control and protect electrical power and data in residential, commercial, industrial and institutional buildings.

Its product portfolio includes wiring devices, switches and sockets, circuit protection and electrical distribution equipment, cable management systems, lighting controls, home and building automation solutions, and structured cabling products.