Schneider Electric SE (OTCMKTS:SBGSY) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Schneider Electric SE has received a consensus rating of "Buy" from nine research firms, with three analysts issuing a strong buy recommendation.
• The company's stock has seen a recent decline, opening at $56.54 and being down by 1.5%.
• Research reports from firms like Deutsche Bank and Citigroup have contributed to fluctuating ratings, reflecting varying levels of confidence in the stock's performance.

Schneider Electric SE (OTCMKTS:SBGSY - Get Free Report) has received a consensus rating of "Buy" from the nine research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company.

SBGSY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Schneider Electric from a "hold" rating to a "buy" rating in a research report on Tuesday, September 2nd. Zacks Research cut shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. Citigroup reaffirmed a "buy" rating on shares of Schneider Electric in a research report on Wednesday, October 1st. Kepler Capital Markets raised shares of Schneider Electric from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 30th. Finally, Santander raised shares of Schneider Electric to an "outperform" rating in a research report on Wednesday, September 3rd.

Schneider Electric Stock Down 1.5%

Shares of SBGSY opened at $56.54 on Monday. The firm's fifty day simple moving average is $52.97 and its two-hundred day simple moving average is $50.85. Schneider Electric has a 12 month low of $39.77 and a 12 month high of $59.38.

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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