Schneider Electric (OTCMKTS:SBGSY) Shares Gap Up – What’s Next?

Schneider Electric SE (OTCMKTS:SBGSY) gapped up prior to trading on Thursday . The stock had previously closed at $54.63, but opened at $56.85. Schneider Electric shares last traded at $56.42, with a volume of 34,109 shares changing hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 11th. Kepler Capital Markets upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 30th. Zacks Research raised shares of Schneider Electric from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Citigroup reaffirmed a “buy” rating on shares of Schneider Electric in a research note on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft raised Schneider Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Schneider Electric presently has an average rating of “Buy”.

Schneider Electric Trading Down 1.9%

The business has a 50-day moving average price of $55.54 and a two-hundred day moving average price of $53.45.

About Schneider Electric

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.