Schneider Electric SE (OTCMKTS:SBGSY) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Schneider Electric SE (OTCMKTS:SBGSY) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company.

SBGSY has been the subject of a number of research reports. Barclays reissued an “overweight” rating on shares of Schneider Electric in a research note on Monday, October 5th. Zacks Research cut Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Erste Group Bank downgraded shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Finally, Santander lowered shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 8th.

Schneider Electric Stock Up 3.6%

SBGSY stock opened at $54.13 on Friday. The stock’s 50 day simple moving average is $63.54 and its 200 day simple moving average is $61.87. Schneider Electric has a fifty-two week low of $50.61 and a fifty-two week high of $71.98.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Madison Asset Management LLC increased its position in shares of Schneider Electric by 2.7% during the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after acquiring an additional 6,591 shares in the last quarter. Azimuth Capital Investment Management LLC bought a new position in Schneider Electric in the 2nd quarter valued at about $11,623,000. Elefante Mark B lifted its position in Schneider Electric by 10.0% in the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after acquiring an additional 8,800 shares in the last quarter. Finally, Notis McConarty Edward boosted its stake in Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after purchasing an additional 425 shares during the last quarter. 0.83% of the stock is currently owned by institutional investors and hedge funds.

Schneider Electric Company Profile

Schneider Electric SE is a France-based multinational company specializing in energy management and industrial automation. Its offerings help businesses, infrastructure operators, data centers, buildings and residential customers distribute, control, monitor and optimize electricity while improving operational efficiency and sustainability.

The company provides electrical distribution equipment, circuit breakers, switchgear, power management systems, industrial automation and control technologies, building-management solutions, and data-center infrastructure.