Legrand (LGRVF) Downgraded by Deutsche Bank to Hold
Deutsche Bank cut shares of Legrand (OTCMKTS:LGRVF) from a buy rating to a hold rating in a research note issued to investors on Friday, The Fly reports.
Separately, Societe Generale downgraded shares of Legrand from a buy rating to a hold rating in a report on Friday.
Shares of LGRVF traded down $3.07 during midday trading on Friday, hitting $63.70. 106 shares of the company traded hands, compared to its average volume of 298. Legrand has a 52 week low of $63.70 and a 52 week high of $82.45. The company has a market capitalization of $17.85 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00.
Legrand SA, together with its subsidiaries, provides electrical and digital building infrastructures worldwide. The company's product categories include user interface, energy distribution, cable management, digital infrastructure, energy efficiency, assisted living, and uninterruptible power supply products, as well as building and home systems, and installation components.
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