Schneider Electric (OTCMKTS:SBGSY) Upgraded at Erste Group Bank

Key Points

• Schneider Electric was upgraded to a "strong-buy" rating by Erste Group Bank, indicating a significant positive shift in outlook from a previous "hold" rating.
• Multiple research firms have recently rated Schneider Electric, with four giving it a Strong Buy, two a Buy, and three a Hold rating, resulting in a consensus rating of "Buy."
• The stock is currently trading at $54.40, with a 1-year low of $39.77 and a 1-year high of $56.98, suggesting potential for growth based on recent performance.

Schneider Electric (OTCMKTS:SBGSY - Get Free Report) was upgraded by stock analysts at Erste Group Bank from a "hold" rating to a "strong-buy" rating in a report issued on Thursday, September 11th,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. Santander upgraded shares of Schneider Electric to an "outperform" rating in a research note on Wednesday, September 3rd. Kepler Capital Markets lowered shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Zacks Research upgraded shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Schneider Electric from a "hold" rating to a "buy" rating in a research report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Schneider Electric Price Performance

OTCMKTS SBGSY traded up $1.20 during trading on Thursday, reaching $55.00. The company's stock had a trading volume of 342,573 shares, compared to its average volume of 404,125. Schneider Electric has a twelve month low of $39.77 and a twelve month high of $56.98. The company has a current ratio of 1.23, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. The business's fifty day moving average price is $52.21 and its 200-day moving average price is $50.05.

About Schneider Electric

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.