LeGrand (OTCMKTS:LGRDY) Hits New 1-Year High – Here’s What Happened

LeGrand SA (OTCMKTS:LGRDY)’s share price hit a new 52-week high on Thursday . The company traded as high as $36.9195 and last traded at $36.65, with a volume of 5784 shares. The stock had previously closed at $34.56.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LGRDY. Zacks Research downgraded LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a report on Tuesday, January 6th. Kepler Capital Markets raised shares of LeGrand from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. UBS Group upgraded shares of LeGrand to a “hold” rating in a research report on Tuesday, December 16th. Finally, Citigroup restated a “buy” rating on shares of LeGrand in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

LeGrand Price Performance

The firm’s fifty day moving average is $30.64 and its two-hundred day moving average is $31.31. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.69.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. LeGrand had a return on equity of 16.70% and a net margin of 16.69%. On average, analysts anticipate that LeGrand SA will post 1.08 EPS for the current fiscal year.

LeGrand Company Profile

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.