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.
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.
Read More: New Google Finance Tool and Screening Stocks
Receive News & Ratings for Legrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legrand and related companies with MarketBeat.com's FREE daily email newsletter.