Schneider Electric (OTCMKTS:SBGSY) Reaches New 1-Year High After Analyst Upgrade

Schneider Electric SE (OTCMKTS:SBGSY) reached a new 52-week high on Wednesday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $57.14 and last traded at $57.11, with a volume of 8644 shares changing hands. The stock had previously closed at $56.02.

A number of other equities analysts have also commented on the stock. Santander upgraded shares of Schneider Electric to an “outperform” rating in a report on Wednesday, September 3rd. Erste Group Bank raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft upgraded Schneider Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Finally, Zacks Research downgraded Schneider Electric from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Schneider Electric Stock Up 1.8%

The company has a 50 day simple moving average of $52.49 and a 200-day simple moving average of $50.55.

Schneider Electric Company Profile

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.