SCHNEIDER ELEC /ADR (OTCMKTS:SBGSY) Rating Lowered to Hold at Deutsche Bank

Deutsche Bank cut shares of SCHNEIDER ELEC /ADR (OTCMKTS:SBGSY) from a buy rating to a hold rating in a report released on Wednesday, The Fly reports.

SBGSY has been the subject of several other research reports. Morgan Stanley reiterated an overweight rating on shares of SCHNEIDER ELEC /ADR in a research report on Friday, April 24th. JPMorgan Chase & Co. reiterated an overweight rating on shares of SCHNEIDER ELEC /ADR in a research report on Friday, April 24th. Jefferies Financial Group began coverage on SCHNEIDER ELEC /ADR in a research report on Tuesday, March 3rd. They issued a hold rating for the company. ValuEngine upgraded SCHNEIDER ELEC /ADR from a sell rating to a hold rating in a research report on Thursday, April 2nd. Finally, Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a hold rating to a strong-buy rating and set a $25.00 price objective for the company in a research report on Wednesday, June 10th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. SCHNEIDER ELEC /ADR presently has a consensus rating of Buy and a consensus price target of $25.00.

Shares of OTCMKTS SBGSY opened at $21.73 on Wednesday. The firm has a market cap of $63.61 billion, a PE ratio of 18.42 and a beta of 1.03. The business has a 50 day moving average price of $19.63 and a two-hundred day moving average price of $19.35. SCHNEIDER ELEC /ADR has a fifty-two week low of $13.49 and a fifty-two week high of $22.59.

About SCHNEIDER ELEC /ADR

Schneider Electric SE provides energy management and automation solutions worldwide. It operates through four businesses: Low Voltage, Medium Voltage, Secure Power, and Industrial Automation. The Low Voltage business provides low voltage power and building automation products and solutions that address the needs of various end markets from buildings to industries and infrastructure to data centers.

Featured Article: What is Elliott Wave theory?

The Fly

Receive News & Ratings for SCHNEIDER ELEC /ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCHNEIDER ELEC /ADR and related companies with MarketBeat.com's FREE daily email newsletter.