Schneider Electric: the stock falls, RBC downgrades its advice

( – Schneider Electric shares suffered one of the biggest falls in the CAC 40 index on Monday morning on the Paris Stock Exchange, with RBC concerned about the group’s ability to achieve objectives considered ambitious.

At 9:45 a.m., the action of the specialist in energy management and industrial automation lost 0.7% when the CAC fell around 0.2%.

The Canadian bank’s analysts downgraded their advice to ‘underperform’ from ‘perform in line’ previously, with the price target raised to 165 euros from 160 euros.

They explain that they are concerned about the group’s ability to achieve its objective of average annual organic growth of 7% to 10% established for the period 2023-2027, while this has so far been around 3.2% since 2007.

If the group were to achieve its forecasts, continues RBC, this would be done thanks to the dynamism of its sector, he explains, a perspective already well integrated into the prices according to him since the Schneider share is traded on the basis of a premium while that of Siemens shows a discount of 25%.

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