Schneider Electric (OTCMKTS:SBGSY) Reaches New 52-Week High on Analyst Upgrade

Key Points

• Schneider Electric's shares reached a new 52-week high of $57.14 following an upgrade from Kepler Capital Markets, raising the stock's rating from hold to strong-buy.
• The company received multiple upgrades from various analysts, with four giving it a Strong Buy rating, contributing to its current consensus rating of Buy.
• Schneider Electric operates in energy management and industrial automation globally, offering a range of products including circuit breakers, electric car charging solutions, and power monitoring systems.

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

SBGSY has been the subject of a number of other research reports. Santander raised Schneider Electric to an "outperform" rating in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft raised Schneider Electric from a "hold" rating to a "buy" rating in a research note on Tuesday, September 2nd. Erste Group Bank raised Schneider Electric from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 11th. Finally, Zacks Research downgraded Schneider Electric from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. Four research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Schneider Electric Trading Up 2.3%

The company has a fifty day moving average of $52.41 and a 200 day moving average of $50.44. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.35.

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.

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