LeGrand (OTCMKTS:LGRDY) Shares Gap Up – Here’s What Happened

LeGrand SA (OTCMKTS:LGRDY) shares gapped up prior to trading on Monday. The stock had previously closed at $28.01, but opened at $29.98. LeGrand shares last traded at $30.06, with a volume of 10,822 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LGRDY shares. Morgan Stanley restated an “overweight” rating on shares of LeGrand in a report on Friday, August 28th. Evercore raised LeGrand from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. The Goldman Sachs Group raised LeGrand from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. Royal Bank Of Canada upgraded shares of LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of LeGrand from a “hold” rating to a “buy” rating in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

LeGrand Trading Up 5.5%

The company has a quick ratio of 1.12, a current ratio of 1.58 and a debt-to-equity ratio of 0.89. The firm has a market cap of $39.59 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.47 and a beta of 1.06. The company has a 50-day moving average price of $30.77 and a 200 day moving average price of $32.49.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.02 billion. LeGrand had a return on equity of 18.92% and a net margin of 13.10%. As a group, research analysts anticipate that LeGrand SA will post 1.41 earnings per share for the current fiscal year.

LeGrand Company Profile

Legrand is a French specialist in electrical and digital building infrastructure. Its products and systems support the distribution, control and management of power and data in residential, commercial and industrial buildings.

The company’s offerings include wiring devices such as switches and outlets, cable management and electrical distribution equipment, building automation systems, and infrastructure for data centers. Legrand also provides connected solutions designed to help manage energy use, comfort and security.

Founded in Limoges, France, in 1865, Legrand has grown from its origins as a porcelain manufacturer into an international electrical and digital infrastructure group.