Legrand SA (OTCMKTS:LGRDY) Receives Consensus Recommendation of “Hold” from Analysts

Legrand SA (OTCMKTS:LGRDYGet Rating) has earned an average recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $87.25.

Several equities research analysts have recently commented on LGRDY shares. Barclays cut their price objective on Legrand from €97.00 ($98.98) to €89.00 ($90.82) in a report on Tuesday, October 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Legrand from €97.00 ($98.98) to €86.00 ($87.76) and set a “buy” rating for the company in a report on Monday, October 3rd. Jefferies Financial Group downgraded Legrand from a “hold” rating to an “underperform” rating in a report on Wednesday, September 14th. JPMorgan Chase & Co. raised Legrand from a “neutral” rating to an “overweight” rating in a report on Thursday, September 1st. Finally, Morgan Stanley raised Legrand from an “equal weight” rating to an “overweight” rating in a report on Tuesday, October 18th.

Legrand Stock Up 1.0 %

Shares of LGRDY opened at $16.32 on Wednesday. Legrand has a twelve month low of $12.43 and a twelve month high of $23.59. The company has a 50 day moving average of $14.43 and a 200-day moving average of $15.25.

Legrand Company Profile

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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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Analyst Recommendations for Legrand (OTCMKTS:LGRDY)

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