Legrand (OTCMKTS:LGRDY) Rating Increased to Hold 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 issued on Monday morning,Zacks.com reports.

Legrand Trading Up 0.9 %

Shares of Legrand stock opened at $22.21 on Monday. The stock has a market cap 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 has a quick ratio of 1.39, a current ratio of 1.95 and a debt-to-equity ratio of 0.68. Legrand has a 12-month low of $18.94 and a 12-month high of $23.63. The business’s 50 day moving average is $20.41 and its 200-day moving average is $21.22.

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

About Legrand

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.