Legrand (OTCMKTS:LGRDY) Upgraded to “Hold” at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Legrand (OTCMKTS:LGRDYFree Report) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Legrand Price Performance

Shares of LGRDY opened at $22.21 on Monday. The company’s 50-day moving average is $20.41 and its 200-day moving average is $21.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.95 and a quick ratio of 1.39. The firm has a market capitalization of $29.32 billion, a PE ratio of 23.18, a PEG ratio of 5.98 and a beta of 1.00. Legrand has a fifty-two week low of $18.94 and a fifty-two week high of $23.63.

Legrand (OTCMKTS:LGRDYGet Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.19 billion. Legrand had a net margin of 13.48% and a return on equity of 16.63%. Equities analysts forecast that Legrand will post 1.08 EPS for the current year.

Legrand Company Profile

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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.

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