Schneider Electric SA Lowered to Neutral at BNP Paribas (SU)
Schneider Electric SA (EPA:SU) was downgraded by research analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a report released on Thursday, AnalystRatings.Net reports.
Shares of Schneider Electric SA (EPA:SU) traded down 3.17% during mid-day trading on Thursday, hitting €60.46. 1,736,525 shares of the company’s stock traded hands. Schneider Electric SA has a one year low of €46.75 and a one year high of €66.99. The stock has a 50-day moving average of €60.80 and a 200-day moving average of €58.53. The company has a market cap of €33.054 billion and a P/E ratio of 19.22.
A number of other firms have also recently commented on SU. Analysts at Societe Generale reiterated a “buy” rating on shares of Schneider Electric SA (EPA:SU) in a research note to investors on Friday, July 12th. They now have a €64.00 ($86.49) price target on the stock. Separately, analysts at AlphaValue reiterated a “buy” rating on shares of Schneider Electric SA (EPA:SU) in a research note to investors on Thursday, July 11th. They now have a €70.00 ($94.59) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “upgrade overweight” rating on shares of Schneider Electric SA (EPA:SU) in a research note to investors on Tuesday, July 9th. They now have a €65.00 ($87.84) price target on the stock. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of €59.41 ($80.28).
Schneider Electric SA is a France-based company that specializes in electricity distribution, automation management and produces installation components for energy management.
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