Schneider: one of 2024's big winners

(CercleFinance.com) - Schneider Electric's share price has risen by almost 32% since the start of the year, making it one of the best performers on the CAC40, which is currently down 2.
6%.

Oddo BHF has maintained its 'outperform' rating and 273 euro price target on Schneider Electric, following the CMD on the Group's opportunities and prospects in India, which also saw its new CEO endorse medium-term objectives.

In addition to the fact that India is Schneider's third-largest market (behind the United States and China), the research firm also presents it as 'a major talent pool, in a world where finding qualified engineers remains a challenge'.

Schneider Electric benefits from its positioning in segments with high growth potential (grid, datacenters, software, infrastructure, etc.), which we believe justifies the share trading on best-in-class multiples", it adds more broadly.

The Group reaffirmed its target for 2024, namely organic growth in adjusted EBITA of between +9 and +13%, thanks to organic sales growth of between +6 and +8% and an adjusted EBITA margin of between around 18.1 and 18.3%.

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