LeGrand (OTCMKTS:LGRDY) Sets New 52-Week High - What's Next?

Key Points

• LeGrand SA's stock reached a new 52-week high of $34.29 during trading, closing at $34.27 with a trading volume of 38,341 shares.
• Analysts have mixed views on LeGrand, with one upgrading it to a "strong-buy," but Kepler Capital Markets downgrading it to a "hold," resulting in an average rating of "Moderate Buy."
• The company reported $0.26 earnings per share, missing estimates, but exceeded revenue expectations with $2.87 billion for the quarter.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.29 and last traded at $34.27, with a volume of 38341 shares traded. The stock had previously closed at $33.66.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Kepler Capital Markets downgraded LeGrand from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 1st. Royal Bank Of Canada reiterated a "sector perform" rating on shares of LeGrand in a research note on Monday, August 4th. Jefferies Financial Group raised shares of LeGrand from a "moderate sell" rating to a "strong-buy" rating in a report on Sunday. Morgan Stanley restated an "overweight" rating on shares of LeGrand in a research report on Tuesday, July 1st. Finally, Citigroup reaffirmed a "buy" rating on shares of LeGrand in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, LeGrand has an average rating of "Moderate Buy".

LeGrand Stock Up 2.2%

The firm has a market cap of $45.43 billion, a PE ratio of 35.33, a P/E/G ratio of 2.14 and a beta of 0.78. The company has a current ratio of 1.94, a quick ratio of 1.45 and a debt-to-equity ratio of 0.63. The business's 50-day simple moving average is $31.93 and its 200 day simple moving average is $27.10.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.37 billion. LeGrand had a return on equity of 16.31% and a net margin of 17.13%. As a group, equities research analysts expect that LeGrand SA will post 1.08 earnings per share for the current year.

About LeGrand

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.

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