LeGrand SA (OTCMKTS:LGRDY) Receives Average Recommendation of “Moderate Buy” from Brokerages

LeGrand SA (OTCMKTS:LGRDY) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

Several research firms recently weighed in on LGRDY. Jefferies Financial Group raised LeGrand from a “moderate sell” rating to a “strong-buy” rating in a research note on Sunday, October 12th. UBS Group upgraded LeGrand to a “hold” rating in a research report on Tuesday, December 16th. Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research note on Wednesday, October 1st. Barclays reissued an “overweight” rating on shares of LeGrand in a research note on Wednesday, December 3rd. Finally, Kepler Capital Markets upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th.

LeGrand Stock Up 1.2%

Shares of OTCMKTS LGRDY opened at $29.38 on Thursday. The stock has a market capitalization of $38.31 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 1.98 and a beta of 0.88. LeGrand has a 52 week low of $18.85 and a 52 week high of $34.83. The firm has a 50-day moving average price of $29.74 and a 200 day moving average price of $30.77. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78.

LeGrand (OTCMKTS:LGRDY) last issued its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). LeGrand had a net margin of 16.71% and a return on equity of 16.05%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Equities research analysts anticipate that LeGrand will post 1.08 EPS for the current fiscal year.

LeGrand Company Profile

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.