Erste Group Bank Upgrades Schneider Electric (OTCMKTS:SBGSY) to Strong-Buy

Schneider Electric (OTCMKTS:SBGSY) was upgraded by investment analysts at Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on SBGSY. Berenberg Bank upgraded shares of Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Barclays reiterated an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Schneider Electric in a report on Monday, June 29th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Schneider Electric Price Performance

Shares of OTCMKTS:SBGSY opened at $61.03 on Monday. The business’s fifty day moving average price is $62.60 and its two-hundred day moving average price is $60.54. Schneider Electric has a fifty-two week low of $48.68 and a fifty-two week high of $67.16. The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61.

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.