Legrand (OTCMKTS:LGRVF) Shares Gap Up – Here’s Why

Legrand SA (OTCMKTS:LGRVF)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $143.59, but opened at $154.80. Legrand shares last traded at $154.80, with a volume of 141 shares trading hands.

Analysts Set New Price Targets

LGRVF has been the subject of several analyst reports. Evercore upgraded shares of Legrand to an “outperform” rating in a report on Friday, October 2nd. The Goldman Sachs Group upgraded shares of Legrand to a “buy” rating in a research note on Wednesday, October 21st. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Legrand has a consensus rating of “Buy”.

Legrand Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.95 and a quick ratio of 1.39. The company has a market cap of $41.20 billion, a price-to-earnings ratio of 36.00 and a beta of 1.01. The firm’s 50 day simple moving average is $156.35 and its 200-day simple moving average is $163.82.

Legrand Company Profile

Legrand is a France-based specialist in electrical and digital building infrastructure. Founded in Limoges in 1865 as a porcelain workshop, the company later shifted its focus to electrical equipment and expanded into products for modern buildings. Its offerings include switches and sockets, circuit breakers and electrical distribution systems, cable management, lighting controls, and solutions for connected buildings and data centers. Legrand serves residential, commercial, and industrial customers.