Landis+Gyr Group (OTCMKTS:LGYRF) Cut to “Sell” at Morgan Stanley

Landis+Gyr Group (OTCMKTS:LGYRF) was downgraded by stock analysts at Morgan Stanley to a “sell” rating in a research note issued to investors on Thursday, TipRanks reports. They currently have a $56.00 price target on the stock. Morgan Stanley’s price target would suggest a potential downside of 13.11% from the company’s previous close.

Separately, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Landis+Gyr Group in a research note on Tuesday, September 28th.

OTCMKTS:LGYRF remained flat at $$64.45 on Thursday. Landis+Gyr Group has a 1 year low of $64.45 and a 1 year high of $79.75. The business’s fifty day simple moving average is $65.17 and its 200-day simple moving average is $71.13.

About Landis+Gyr Group

Landis+Gyr Group AG provides integrated energy management solutions to utilities sector in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers digital and prepayment electricity, commercial/industrial and grid, and smart gas meters; heat and water meters and solutions; load control devices; and system deployment, managed network, energy data management, and advanced meter solutions.

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