Schneider Electric S.E. (OTCMKTS:SBGSY) saw a large decrease in short interest in September. As of September 30th, there was short interest totalling 59,400 shares, a decrease of 56.6% from the September 15th total of 136,800 shares. Based on an average trading volume of 249,900 shares, the days-to-cover ratio is currently 0.2 days.
Shares of SBGSY stock traded up $0.52 during mid-day trading on Thursday, reaching $32.56. The stock had a trading volume of 123,311 shares, compared to its average volume of 134,807. The firm’s 50 day simple moving average is $35.06 and its 200 day simple moving average is $33.11. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.35. Schneider Electric S.E. has a one year low of $23.74 and a one year high of $37.23. The firm has a market cap of $92.64 billion, a PE ratio of 30.43 and a beta of 0.93.
Several analysts have recently issued reports on SBGSY shares. Barclays reiterated an “overweight” rating on shares of Schneider Electric S.E. in a research note on Monday, August 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Schneider Electric S.E. in a research note on Monday, August 2nd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Schneider Electric S.E. in a research note on Monday, August 2nd. Exane BNP Paribas upgraded Schneider Electric S.E. to an “outperform” rating and set a €200.00 ($235.29) price target for the company in a research note on Tuesday, September 21st.
Finally, HSBC downgraded Schneider Electric S.E. from a “buy” rating to a “hold” rating in a research note on Friday, September 3rd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $119.50.
Schneider Electric SE engages in the digital transformation of energy management and automation. It operates through the following segments: Energy Management; Industrial Automation; and Central Functions and Digital Costs. The Energy Management segment leverages a complete end-to-end technology offering enabled by EcoStruxure.
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