Schneider Electric (OTCMKTS:SBGSY) Rating Increased to Strong-Buy at Erste Group Bank

Erste Group Bank upgraded shares of Schneider Electric (OTCMKTS:SBGSY) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

A number of other analysts also recently weighed in on SBGSY. Morgan Stanley reissued an “overweight” rating on shares of Schneider Electric in a report on Monday, June 29th. Barclays restated an “overweight” rating on shares of Schneider Electric in a research note on Monday, July 6th. Finally, Berenberg Bank raised Schneider Electric to a “strong-buy” rating in a report on Monday, June 1st. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Schneider Electric currently has an average rating of “Buy”.

Schneider Electric Trading Up 1.0%

Shares of Schneider Electric stock opened at $61.03 on Monday. Schneider Electric has a 1 year low of $48.68 and a 1 year high of $67.16. The company’s fifty day simple moving average is $62.60 and its 200-day simple moving average is $60.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19.

About Schneider Electric

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.