Schneider Electric: Deutsche Bank on hold, raises TP
(CercleFinance.com) - On Tuesday Deutsche Bank raised its target price for Schneider Electric shares from E215 to E220, following a roadshow in Frankfurt with the company's CFO.
The analyst acknowledges that the French group is the undisputed champion of electrification, and that it ranks third in the automation market thanks to the quality of its offering.
Meanwhile, Deutsche Bank considers Schneider to be a high-quality industrial group with a portfolio full of synergies, combining energy management, automation and software, ideally positioned to take advantage of the current wave of electrification, energy transition and digital transformation.
Although it expects good surprises in terms of margins this year, the broker maintains its 'hold' recommendation on the stock for valuation reasons, with a 2024 P/E of 27.5x.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The analyst acknowledges that the French group is the undisputed champion of electrification, and that it ranks third in the automation market thanks to the quality of its offering.
Meanwhile, Deutsche Bank considers Schneider to be a high-quality industrial group with a portfolio full of synergies, combining energy management, automation and software, ideally positioned to take advantage of the current wave of electrification, energy transition and digital transformation.
Although it expects good surprises in terms of margins this year, the broker maintains its 'hold' recommendation on the stock for valuation reasons, with a 2024 P/E of 27.5x.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.