Zacks Investment Research Upgrades Schneider Electric S.E. (OTCMKTS:SBGSY) to “Buy”

Schneider Electric S.E. (OTCMKTS:SBGSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, reports. The brokerage presently has a $41.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 17.04% from the company’s current price.

According to Zacks, “Schneider Electric SA offers integrated solutions across multiple market segments energy and infrastructure, industrial processes, building automation, and data centers or networks, as well as in residential applications. The Company is focused on making energy safe, reliable, and efficient. Its power management systems offers high density metering, energy tariff optimization, power quality mitigation, local LV/MV protection & control, intelligent power & motor control, renewable energy conversion and electric vehicle recharging. Its process and machine management system offers general machines control, packaging control and material handling control and hoisting control. Its IT / server room management systems offer rack systems, uninterruptible power supply, cooling control and surveillance. It also has building management systems and security management systems. Schneider Electric SA is headquartered in Rueil Malmaison, France. “

A number of other research firms also recently weighed in on SBGSY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Schneider Electric S.E. in a report on Monday, August 2nd. HSBC cut Schneider Electric S.E. from a “buy” rating to a “hold” rating in a research report on Friday, September 3rd. Societe Generale reissued a “buy” rating on shares of Schneider Electric S.E. in a research report on Thursday, October 28th. Credit Suisse Group reissued an “outperform” rating on shares of Schneider Electric S.E. in a research report on Monday, August 2nd. Finally, Barclays reissued an “overweight” rating on shares of Schneider Electric S.E. in a research report on Monday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Schneider Electric S.E. currently has an average rating of “Buy” and a consensus price target of $120.50.

SBGSY stock opened at $35.03 on Wednesday. Schneider Electric S.E. has a fifty-two week low of $27.22 and a fifty-two week high of $37.23. The business’s 50 day moving average price is $34.33 and its two-hundred day moving average price is $33.67. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32.

Schneider Electric S.E. Company Profile

Schneider Electric SE engages in the digital transformation of energy management and automation. It operates through the following segments: Energy Management; Industrial Automation; and Central Functions and Digital Costs. The Energy Management segment leverages a complete end-to-end technology offering enabled by EcoStruxure.

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