Schneider Electric (OTCMKTS:SBGSY) Sets New 52-Week High – What’s Next?

Schneider Electric SE (OTCMKTS:SBGSY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $70.76 and last traded at $70.35, with a volume of 157088 shares trading hands. The stock had previously closed at $69.57.

Analysts Set New Price Targets

SBGSY has been the subject of several research analyst reports. Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a research note on Monday, July 6th. Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Zacks Research raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Finally, Berenberg Bank upgraded Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Four equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Schneider Electric Stock Down 0.3%

The company has a 50 day simple moving average of $63.73 and a 200 day simple moving average of $61.72. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19.

Institutional Investors Weigh In On Schneider Electric

Hedge funds have recently modified their holdings of the stock. Notis McConarty Edward grew its position in Schneider Electric by 0.5% in the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after buying an additional 425 shares during the last quarter. Madison Asset Management LLC raised its position in Schneider Electric by 2.7% during the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after buying an additional 6,591 shares during the last quarter. Finally, Elefante Mark B lifted its stake in shares of Schneider Electric by 10.0% in the 2nd 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. 0.83% of the stock is owned by institutional investors and hedge funds.

About Schneider Electric

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.