LeGrand (OTCMKTS:LGRDY) Sees Large Volume Increase – Should You Buy?

LeGrand SA (OTCMKTS:LGRDY) shares saw unusually-strong trading volume on Friday . Approximately 251,661 shares were traded during mid-day trading, an increase of 63% from the previous session’s volume of 154,523 shares.The stock last traded at $32.93 and had previously closed at $33.69.

Analysts Set New Price Targets

LGRDY has been the subject of several research analyst reports. Evercore upgraded LeGrand to a “hold” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a research note on Tuesday. Finally, Citigroup reaffirmed a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, LeGrand presently has a consensus rating of “Hold”.

LeGrand Trading Down 2.0%

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39. The business’s fifty day simple moving average is $34.61 and its 200 day simple moving average is $32.75. The stock has a market cap of $43.28 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 2.60 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a return on equity of 16.89% and a net margin of 13.29%.The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.90 billion. On average, research analysts predict that LeGrand SA will post 1.41 EPS for the current year.

About LeGrand

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.