Citigroup Inc. Reaffirms “Sell” Rating for Schneider Electric SE (SU)
Schneider Electric SE (EPA:SU)‘s stock had its “sell” rating reaffirmed by equities research analysts at Citigroup Inc. in a research report issued to clients and investors on Wednesday.
A number of other research firms have also recently commented on SU. BNP Paribas set a €63.00 ($70.00) price target on Schneider Electric SE and gave the company a “neutral” rating in a research note on Friday, July 29th. Berenberg Bank set a €68.00 ($75.56) price objective on Schneider Electric SE and gave the company a “buy” rating in a report on Friday, July 29th. Morgan Stanley set a €65.00 ($72.22) price objective on Schneider Electric SE and gave the company a “buy” rating in a report on Friday, July 29th. Barclays PLC set a €47.00 ($52.22) price objective on Schneider Electric SE and gave the company a “sell” rating in a report on Friday, July 29th. Finally, S&P Global Inc. set a €62.00 ($68.89) price objective on Schneider Electric SE and gave the company a “neutral” rating in a report on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of €62.71 ($69.67).
Shares of Schneider Electric SE (EPA:SU) traded down 0.44% during midday trading on Wednesday, hitting €61.73. 595,477 shares of the stock were exchanged. The stock has a market cap of €34.68 billion and a P/E ratio of 23.37. The firm’s 50 day moving average price is €61.45 and its 200-day moving average price is €57.42. Schneider Electric SE has a 52-week low of €45.31 and a 52-week high of €63.59.
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About Schneider Electric SE
Schneider Electric SE is a France-based company that specializes in electricity distribution, automation management and produces installation components for energy management. The Company has five divisions organized by business: Energy and Infrastructure, which includes medium and low voltage, installation systems and control, renewable energies and includes customer segments in Utilities, Marine, residential and oil & gas sector; Industry, which includes automation & control which includes water treatment and mining, minerals & metals industries; Buildings, which includes building automation and security, whose customers are hotels, hospitals, office and retail buildings; Data centres and networks, and Residential which is engaged in solutions for saving electricity bills by combining lighting and heating control features.
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