Legrand (OTCMKTS:LGRDY) Receives Underweight Rating from Morgan Stanley

Morgan Stanley reiterated their underweight rating on shares of Legrand (OTCMKTS:LGRDY) in a research note released on Wednesday morning, The Fly reports.

Other analysts have also recently issued research reports about the stock. Berenberg Bank reissued a buy rating on shares of Legrand in a research note on Tuesday, February 16th. Barclays reissued an overweight rating on shares of Legrand in a research note on Friday, January 15th. Kepler Capital Markets lowered shares of Legrand from a buy rating to a hold rating in a report on Friday, February 12th. Societe Generale lowered shares of Legrand from a buy rating to a hold rating in a report on Tuesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft restated a hold rating on shares of Legrand in a report on Tuesday, January 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Legrand presently has a consensus rating of Hold.

Legrand stock opened at $18.77 on Wednesday. The firm has a 50 day simple moving average of $18.01 and a 200-day simple moving average of $17.50. Legrand has a 1-year low of $12.07 and a 1-year high of $19.92.

About Legrand

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, RCBO's, add-on modules and accessories, surge protective and control and signaling devices, time and light sensitive switches, as well as dimmers, relays, transformers, power supplies, and accessories; ACBs, MCCBs, head equipment, and power factor correction products; 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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The Fly

Analyst Recommendations for Legrand (OTCMKTS:LGRDY)

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