Schneider Electric SA Given New €74.30 Price Target at Berenberg Bank (SU)
Research analysts at Berenberg Bank hoisted their price target on shares of Schneider Electric SA (EPA:SU) from €60.40 ($82.74) to €74.30 ($101.78) in a report released on Monday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock.
Shares of Schneider Electric SA (EPA:SU) traded down 0.14% on Monday, hitting €62.11. The stock had a trading volume of 1,009,696 shares. Schneider Electric SA has a 52 week low of €47.225 and a 52 week high of €66.99. The stock’s 50-day moving average is €62.40 and its 200-day moving average is €59.27. The company has a market cap of €34.323 billion and a P/E ratio of 19.12.
Separately, analysts at BNP Paribas downgraded shares of Schneider Electric SA from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of €61.35 ($84.04).
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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