Schneider Electric (EPA:SU) Has Been Downgraded Today by Barclays to a Equal Weight

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Schneider Electric (EPA:SU) Receives a Downgrade

Barclays cut the rating for shares of Schneider Electric (EPA:SU) to aEqual Weight from a Overweight. This important rating change was issued to investors and clients in a recent report earlier today.

From a total of 9 analysts covering Schneider Electric (EPA:SU) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 86% of the ratings are positive. Schneider Electric was the topic of 2 analyst reports since September 4, 2015 according to the firm StockzIntelligence Inc. Citigroup initiated shares on December 1 with “Sell” rating.

The stock decreased 1.24% or EUR 0.69 on December 9, striking EUR 54.8. Approximately 2.46M shares of stock traded hands or 23.00% up from the average. Schneider Electric SE (EPA:SU) has declined 16.35% since May 6, 2015 and is downtrending. It has underperformed by 15.55% the S&P500.

Schneider Electric (EPA:SU) Has Been Downgraded Today by Barclays to a Equal Weight

Schneider Electric SE is a France-based firm that specializes in electricity distribution, automation management and produces installation components for energy management. The company has a market cap of 32.55 billion EUR. The Firm has five divisions organized by business: Energy and Infrastructure, which includes medium and low voltage, installation systems and control, renewable energies and includes customer divisions in Utilities, Marine, residential and oil & gas sector; Industry, which includes automation & control which includes water treatment and mining, minerals & metals industries; Buildings, which includes building automation and security, whose clients are hotels, hospitals, office and retail buildings; Data centres and networks, and Residential which is engaged in solutions for saving electricity bills by combining lighting and heating control features. It has 18.15 P/E ratio.

According to Zacks Investment Research, “SUNCOR ENERGY is a world leader in mining and extracting crude oil from the vast oil sands deposits of northern Alberta. They also explore for, develop and market natural gas, operate a refining and marketing business in Ontario, and are actively involved in the development of renewable energy sources to help meet the energy needs of tomorrow.” Get a free copy of the Zacks research report on Schneider Electric SE (SU).

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