Schneider Electric SE (OTCMKTS:SBGSY) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Schneider Electric SE (OTCMKTS:SBGSY) have been given a consensus rating of “Buy” by the ten brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company.

A number of equities research analysts have recently commented on the stock. Zacks Research cut shares of Schneider Electric from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Morgan Stanley restated an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th. Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Santander lowered shares of Schneider Electric from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 8th.

Hedge Funds Weigh In On Schneider Electric

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Azimuth Capital Investment Management LLC acquired a new stake in shares of Schneider Electric in the 2nd quarter valued at approximately $11,623,000. Elefante Mark B grew its holdings in Schneider Electric by 10.0% during the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after acquiring an additional 8,800 shares during the period. Notis McConarty Edward raised its position in Schneider Electric by 0.5% in the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after acquiring an additional 425 shares in the last quarter. Finally, Madison Asset Management LLC raised its position in Schneider Electric by 2.7% in the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after acquiring an additional 6,591 shares in the last quarter. Institutional investors and hedge funds own 0.83% of the company’s stock.

Schneider Electric Stock Up 3.7%

SBGSY opened at $68.40 on Monday. Schneider Electric has a 52 week low of $50.61 and a 52 week high of $71.98. The business’s 50 day moving average is $67.31 and its two-hundred day moving average is $63.53.

Schneider Electric Company Profile

Schneider Electric SE is a France-based global provider of energy management and industrial automation technologies. The company helps businesses, infrastructure operators, data centers, buildings and residential customers manage electrical power more efficiently, reliably and sustainably.

Its products and services include low- and medium-voltage electrical distribution equipment, circuit breakers, switches, power monitoring systems, uninterruptible power supplies, industrial control and automation systems, building management technologies, and related software and digital services.