Schneider Electric (OTCMKTS:SBGSY) Upgraded to "Strong-Buy" 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 research analysts at Erste Group Bank from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

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

Schneider Electric Price Performance

SBGSY stock opened at $54.40 on Thursday. Schneider Electric has a 1 year low of $39.77 and a 1 year high of $56.98. The firm has a 50-day moving average of $52.12 and a 200 day moving average of $49.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.95.

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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