Schneider: more adjustments











Photo credit © Reuters


(Boursier.com) — Schneider climbed 0.3% to 128.50 euros on Friday, while Barclays is targeting a price of 175 euros, against 185 euros previously, while remaining ‘overweight’ on the file, while the turnover for the first quarter 2022, at 7,566 million euros, posted an organic increase of 9.8% and an increase of +15.9% in published growth. The group has also announced its intention to sell its activities in Russia to its local management team…
Schneider had confirmed on this occasion an objective of growth in its turnover and profitability in 2022 in accordance with the medium and long-term sustainable growth ambitions shared during its recent investor day. Among other brokers’ opinions, Morgan Stanley adjusted its target price to 157 euros while remaining at ‘line weighting’ and SG cut its target to 160 euros while still buying.


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