Legrand (OTCMKTS:LGRDY) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Legrand (OTCMKTS:LGRDY) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Legrand Stock Performance

Shares of LGRDY opened at $22.21 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95. The stock has a market capitalization of $29.32 billion, a P/E ratio of 23.18, a P/E/G ratio of 5.98 and a beta of 1.00. The company’s fifty day moving average is $20.41 and its two-hundred day moving average is $21.22. Legrand has a 1 year low of $18.94 and a 1 year high of $23.63.

Legrand (OTCMKTS:LGRDY) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Legrand had a net margin of 13.48% and a return on equity of 16.63%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.19 billion. On average, sell-side analysts predict that Legrand will post 1.08 earnings per share for the current year.

Legrand Company Profile

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.