Schneider Electric (OTCMKTS:SBGSY) Reaches New 1-Year High - Still a Buy?

Key Points

• Schneider Electric shares reached a new 52-week high, trading as high as $66.99 and last at $66.88 on volume of about 531,691 shares.
• Analysts are broadly positive with an average rating of Buy (2 Strong Buy, 7 Buy, 1 Hold); Barclays upgraded to "overweight" and Deutsche Bank reaffirmed "buy".
• The stock is trading above its 50‑day ($59.73) and 200‑day ($57.44) moving averages, and the company shows a current ratio of 1.19, quick ratio of 0.90 and debt‑to‑equity of 0.61.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $66.9899 and last traded at $66.88, with a volume of 531691 shares trading hands. The stock had previously closed at $64.14.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SBGSY shares. Barclays raised shares of Schneider Electric from an "equal weight" rating to an "overweight" rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Schneider Electric in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Schneider Electric has an average rating of "Buy".

Schneider Electric Stock Performance

The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61. The stock's 50 day simple moving average is $59.73 and its 200 day simple moving average is $57.44.

About Schneider Electric

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.