Barclays Upgrades Schneider Electric (OTCMKTS:SBGSY) to "Overweight"

Key Points

• Barclays upgraded Schneider Electric (OTCMKTS:SBGSY) from "equal weight" to Overweight in a note to investors on Monday.
• Analyst coverage is largely positive—two Strong Buy, seven Buy and one Hold—giving the stock a MarketBeat consensus rating of Buy.
• Shares opened at $60.87 and are trading near their 1-year high of $65.67, with 50‑day and 200‑day moving averages of $58.86 and $56.72, respectively, indicating recent upward momentum.

Schneider Electric (OTCMKTS:SBGSY - Get Free Report) was upgraded by stock analysts at Barclays from an "equal weight" rating to an "overweight" rating in a note issued to investors on Monday.

SBGSY has been the subject of a number of other research reports. Evercore assumed coverage on shares of Schneider Electric in a research report on Monday, December 15th. They set an "outperform" rating for the company. Citigroup reissued a "buy" rating on shares of Schneider Electric in a research report on Monday, December 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Schneider Electric in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Schneider Electric Stock Performance

SBGSY opened at $60.87 on Monday. The firm has a 50 day moving average price of $58.86 and a 200 day moving average price of $56.72. Schneider Electric has a 1 year low of $43.85 and a 1 year high of $65.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.90.

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.

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