Royal Bank of Canada Reiterates €80.00 Price Target for Schneider Electric SE (SU)
Schneider Electric SE (EPA:SU) has been given a €80.00 ($87.91) target price by equities researchers at Royal Bank of Canada in a report issued on Saturday. The firm currently has a “buy” rating on the stock.
Several other equities analysts have also recently weighed in on the stock. Morgan Stanley set a €70.00 ($76.92) price target on shares of Schneider Electric SE and gave the stock a “buy” rating in a research note on Wednesday, February 15th. Deutsche Bank AG reissued a “buy” rating on shares of Schneider Electric SE in a report on Tuesday, March 21st. JPMorgan Chase & Co. reissued a “buy” rating on shares of Schneider Electric SE in a report on Monday, April 10th. Goldman Sachs Group Inc set a €79.00 ($86.81) price objective on Schneider Electric SE and gave the company a “buy” rating in a report on Monday, January 30th. Finally, Societe Generale set a €80.00 ($87.91) price objective on Schneider Electric SE and gave the company a “buy” rating in a report on Tuesday, March 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of €71.68 ($78.77).
Schneider Electric SE (EPA:SU) traded up 0.35% during mid-day trading on Friday, reaching €68.50. 1,921,804 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of €70.28 and a 200 day moving average price of €66.51. Schneider Electric SE has a 52-week low of €49.50 and a 52-week high of €74.50.
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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 canters and networks, and Residential which is engaged in solutions for saving electricity bills by combining lighting and heating control features.
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