Schneider Electric: Liberum raises target price

(CercleFinance.com) - Liberum reiterates its "buy" rating on Schneider Electric shares, having increased its corresponding target price from 130 euros to 160 euros (current price: 129.
4 euros), following the industrial group's publication of its 2020 results, including a 15% FCF margin for the second year in a row.

"EM posted a record high margin of 20.2% vs 17.5% (5yr avg.) despite just +2% organic growth, highlighting the strength of the group's cost transformation", the broker adds, believing that Schneider Electric should beat its targets in 2021.


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