Legrand Shares Climb 3% to €150
The electrical infrastructure specialist is among the top gainers in the CAC 40 this Wednesday, as the index rises by 0.81%. The stock rebounds after a lackluster week, following a new external growth operation announced earlier that morning. However, the valuation remains below its historical peak of €166.95 on May 7.
Fifth Acquisition in 2026 with the Purchase of SRS Power Engineering in Malaysia
Legrand announced this Wednesday the acquisition of SRS Power Engineering, a Malaysian specialist in power protection products. The Limoges-based group marks its fifth external growth operation since the beginning of the year, continuing its strategy focused on data centers and electrification.
The challenge of integrating these acquisitions remains central. During the release of the first quarter revenue on May 7, net debt had risen to €4.67 billion, up from €3.03 billion a year earlier. Organic growth reached 11.4%, amounting to €2.537 billion, with a stable adjusted operating margin of 20.7%.
In terms of valuation, the stock is trading at about 25.8 times the expected earnings for the current fiscal year, compared to an industrial sector average of 17.8 times, according to the consensus of 16 analysts. The expected growth in earnings per share is 11% from one fiscal year to the next.
Stock Moves Above Its 50-Day Moving Average but Remains Below Its May 7 Record
At €150.05, the stock has risen by 3.06% and has moved above its 50-day moving average (€144.63), with a gap of 3.75%. However, the stock remains slightly below its 20-day average (€152.25), by 1.44%. The RSI at 43 remains neutral, indicating no significant buying or selling pressure.
Over one year, the performance is up by +39.39%, but the price still hovers about 10% below the historical record of €166.95 reached on May 7. The resistance identified at €160.10 represents the next graphical threshold above the current price, with the reference support at €135.65.
The next financial calendar event is scheduled for May 27 with the general meeting of shareholders, followed by the dividend detachment on May 29. The first half of 2026 results are expected on July 29.
