Schneider Electric (SU) Given a €60.00 Price Target at Goldman Sachs Group

Schneider Electric (EPA:SU) received a €60.00 ($69.77) price target from investment analysts at Goldman Sachs Group in a report issued on Thursday, April 18th, Borsen Zeitung reports. The brokerage presently has a “sell” rating on the stock. Goldman Sachs Group’s price objective suggests a potential downside of 15.85% from the stock’s previous close.

Other analysts have also issued reports about the stock. Jefferies Financial Group set a €70.00 ($81.40) target price on shares of Schneider Electric and gave the company a “neutral” rating in a research note on Friday, February 15th. Deutsche Bank set a €77.00 ($89.53) target price on Schneider Electric and gave the stock a “buy” rating in a research note on Friday, February 15th. Royal Bank of Canada set a €75.00 ($87.21) target price on Schneider Electric and gave the stock a “buy” rating in a research note on Thursday, February 14th. JPMorgan Chase & Co. set a €73.00 ($84.88) target price on Schneider Electric and gave the stock a “buy” rating in a research note on Thursday, February 14th. Finally, Berenberg Bank set a €70.00 ($81.40) price target on Schneider Electric and gave the stock a “buy” rating in a report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Schneider Electric currently has an average rating of “Hold” and a consensus target price of €74.41 ($86.53).

Shares of EPA:SU traded up €0.02 ($0.02) on Thursday, reaching €71.30 ($82.91). 1,130,884 shares of the company’s stock were exchanged, compared to its average volume of 1,610,000. Schneider Electric has a twelve month low of €64.88 ($75.44) and a twelve month high of €76.34 ($88.77).

About Schneider Electric

Schneider Electric SE provides energy management and automation solutions worldwide. It operates through four businesses: Low Voltage, Medium Voltage, Secure Power, and Industrial Automation. The Low Voltage business provides low voltage power and building automation products and solutions that address the needs of various end markets from buildings to industries and infrastructure to data centers.

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