LeGrand (OTCMKTS:LGRDY) Sees Strong Trading Volume – Here’s What Happened

LeGrand SA (OTCMKTS:LGRDY) saw unusually-high trading volume on Thursday . 118,049 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 152,251 shares.The stock last traded at $31.79 and had previously closed at $31.47.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LGRDY shares. Deutsche Bank Aktiengesellschaft raised LeGrand from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays raised shares of LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday, July 6th. Royal Bank Of Canada upgraded shares of LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd. Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of LeGrand in a research note on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, LeGrand currently has a consensus rating of “Moderate Buy”.

LeGrand Stock Up 0.6%

The stock has a market cap of $41.50 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.22 and a beta of 0.96. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.89. The business’s fifty day moving average is $31.76 and its two-hundred day moving average is $33.16.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.18 billion. LeGrand had a return on equity of 17.74% and a net margin of 13.01%. Equities analysts forecast that LeGrand SA will post 1.41 earnings per share for the current fiscal 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.