Legrand (OTCMKTS:LGRDY) Downgraded to “Neutral” at Oddo Bhf

Legrand (OTCMKTS:LGRDYGet Rating) was downgraded by equities researchers at Oddo Bhf from an “outperform” rating to a “neutral” rating in a research note issued on Friday, The Fly reports.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. upgraded Legrand from a “neutral” rating to an “overweight” rating in a research note on Thursday, September 1st. Jefferies Financial Group downgraded Legrand from a “hold” rating to an “underperform” rating in a research note on Wednesday, September 14th. Barclays dropped their price objective on Legrand from €97.00 ($100.00) to €89.00 ($91.75) in a research note on Tuesday, October 4th. Morgan Stanley upgraded Legrand from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, October 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Legrand from €97.00 ($100.00) to €86.00 ($88.66) and set a “buy” rating on the stock in a research note on Monday, October 3rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $90.33.

Legrand Trading Up 0.8 %

Legrand stock opened at $16.33 on Friday. Legrand has a 12 month low of $12.43 and a 12 month high of $23.59. The business’s 50 day simple moving average is $14.38 and its 200 day simple moving average is $15.28.

Legrand Company Profile

(Get Rating)

Legrand SA, together with its subsidiaries, provides electrical and digital building infrastructures worldwide. The company offers MCBs, RCDs, and din rail equipment, including residual current circuit breakers, RCBOs, add-on modules and accessories, surge protective devices, other control and signaling devices, and time and light-sensitive switches, as well as dimmers, relays, transformers, power supplies, and accessories; ACBs, MCCBs, head equipment, and busbar systems; enclosures and accessories; equipment and accessories; home network, home automation, and hotel equipment; wiring accessories; weatherproof wiring accessories and other installation equipment; lighting management, emergency lighting, access control, and safety equipment; UPS and LCS products, cable management systems, equipment, and accessories; and mosaic wiring accessories.

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