Schneider: SG still a buyer, with target price of 80 euros.

(CercleFinance.com) - After a roadshow held in Brussels, Société Générale (SG) analysts have confirmed their buy rating on the Schneider Electric share.


They believe that the group is well placed to benefit from the economic recovery and have also confirmed their 12-month target price of 80 euros.
From the Brussels meeting between Schneider and investors, SG particularly thinks that the prospect of 3% organic growth through to 2019 (excluding Infrastructures, with between 1% and 3% in 2017) seems increasingly credible, while the headwinds that have been against the group for several years now are calming down.

Analysts cite sound economic indicators that are being published worldwide, including the famous PMI indicators, as well as Schneider's key markets returning to growth: construction, China and the oil and gas sector. In addition, SG believes that the pressure exerted by rising raw materials costs "can be contained," particularly by price increases. In addition, Schneider has been able adapt to the digital revolution.


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