Schneider Electric (OTCMKTS:SBGSY) Reaches New 52-Week High – Here’s Why

Schneider Electric SE (OTCMKTS:SBGSY) shares reached a new 52-week high on Thursday . The company traded as high as $65.58 and last traded at $65.10, with a volume of 10367 shares trading hands. The stock had previously closed at $63.06.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SBGSY. Zacks Research upgraded shares of Schneider Electric from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Schneider Electric in a report on Monday, February 9th. JPMorgan Chase & Co. raised shares of Schneider Electric from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 4th. Evercore assumed coverage on Schneider Electric in a research note on Monday, December 15th. They issued an “outperform” rating on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of Schneider Electric in a research note on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Schneider Electric presently has an average rating of “Buy”.

Schneider Electric Trading Up 2.1%

The stock has a fifty day moving average of $57.45 and a two-hundred day moving average of $55.41.

Schneider Electric Company Profile

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.