Legrand (OTCMKTS:LGRDY) Stock Rating Upgraded by Royal Bank of Canada

Legrand (OTCMKTS:LGRDY) was upgraded by analysts at Royal Bank of Canada from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Legrand Stock Performance

Shares of OTCMKTS LGRDY opened at $22.21 on Monday. Legrand has a 1 year low of $18.94 and a 1 year high of $23.63. The firm has a market cap of $29.32 billion, a P/E ratio of 23.18, a PEG ratio of 5.98 and a beta of 1.00. The stock has a fifty day moving average price of $20.41 and a two-hundred day moving average price of $21.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95.

Legrand (OTCMKTS:LGRDY) last announced its earnings results on Thursday, February 20th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Legrand had a return on equity of 16.63% and a net margin of 13.48%. Research analysts forecast that Legrand will post 1.08 EPS for the current fiscal year.

About Legrand

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.