Citigroup Inc. Reaffirms “Sell” Rating for Schneider Electric SE (SU)
Schneider Electric SE (EPA:SU)‘s stock had its “sell” rating reaffirmed by stock analysts at Citigroup Inc. in a report released on Wednesday.
A number of other equities research analysts have also issued reports on SU. BNP Paribas set a €63.00 ($70.00) price target on Schneider Electric SE and gave the stock a “neutral” rating in a research note on Friday, July 29th. Berenberg Bank set a €72.00 ($80.00) price target on Schneider Electric SE and gave the stock a “buy” rating in a research note on Monday, October 3rd. Barclays PLC set a €47.00 ($52.22) price target on Schneider Electric SE and gave the stock a “sell” rating in a research note on Friday, July 29th. JPMorgan Chase & Co. set a €60.00 ($66.67) price target on Schneider Electric SE and gave the stock a “buy” rating in a research note on Tuesday, June 14th. Finally, Morgan Stanley set a €65.00 ($72.22) price target on Schneider Electric SE and gave the stock a “buy” rating in a research note on Friday, July 29th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Schneider Electric SE currently has a consensus rating of “Hold” and an average target price of €62.71 ($69.67).
Schneider Electric SE (EPA:SU) traded down 0.34% during mid-day trading on Wednesday, reaching €61.79. The company’s stock had a trading volume of 592,344 shares. Schneider Electric SE has a 12-month low of €45.31 and a 12-month high of €63.59. The firm has a market cap of €34.71 billion and a PE ratio of 23.40. The company has a 50-day moving average price of €61.45 and a 200-day moving average price of €57.42.
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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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