Schneider Electric (OTCMKTS:SBGSY) Shares Gap Up – Time to Buy?

Schneider Electric SE (OTCMKTS:SBGSY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $54.63, but opened at $56.85. Schneider Electric shares last traded at $56.42, with a volume of 34,109 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Santander upgraded shares of Schneider Electric to an “outperform” rating in a research report on Wednesday, September 3rd. Kepler Capital Markets upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Schneider Electric from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. raised shares of Schneider Electric from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 4th. Finally, Citigroup restated a “buy” rating on shares of Schneider Electric in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Schneider Electric Stock Performance

The company’s 50 day moving average is $55.65 and its two-hundred day moving average is $53.39.

Schneider Electric Company Profile

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.