LeGrand (OTCMKTS:LGRDY) Shares Gap Up – Here’s What Happened

LeGrand SA (OTCMKTS:LGRDY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $28.01, but opened at $29.98. LeGrand shares last traded at $30.06, with a volume of 10,822 shares.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays reissued an “overweight” rating on shares of LeGrand in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft upgraded LeGrand from a “hold” rating to a “buy” rating in a research report on Wednesday, September 2nd. Evercore upgraded LeGrand from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Zacks Research raised LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group raised LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

LeGrand Stock Up 5.5%

The firm has a market cap of $39.59 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 1.47 and a beta of 1.06. The firm’s fifty day moving average is $30.77 and its two-hundred day moving average is $32.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.58 and a quick ratio of 1.12.

LeGrand (OTCMKTS:LGRDY) last released its earnings results on Thursday, November 5th. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.02 billion. LeGrand had a net margin of 13.10% and a return on equity of 18.92%. On average, sell-side analysts expect that LeGrand SA will post 1.41 EPS for the current fiscal year.

LeGrand Company Profile

Legrand is a French specialist in electrical and digital building infrastructure. Its products and systems support the distribution, control and management of power and data in residential, commercial and industrial buildings.

The company’s offerings include wiring devices such as switches and outlets, cable management and electrical distribution equipment, building automation systems, and infrastructure for data centers. Legrand also provides connected solutions designed to help manage energy use, comfort and security.

Founded in Limoges, France, in 1865, Legrand has grown from its origins as a porcelain manufacturer into an international electrical and digital infrastructure group.