Evercore upgrades Legrand stock to Outperform at EUR 175.00

Published on 10/16/2026 at 15:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month results come on November 5, 2026. Legrand stock costs EUR 135.08 on October 16, 2026, up 1.03 percent versus the Euronext Paris close.

Target and results date

Legrand's analyst rating moved to Outperform while its EUR 175.00 target stayed unchanged on October 2, 2026.
Adjusted operating margin reached 20.80 percent in the first half of 2026.
Legrand stock costs EUR 135.08 at Lang & Schwarz on October 16, 2026 at 3:39 p.m. CEST, 1.03 percent above the Euronext Paris close of October 15, 2026.
Legrand reports nine-month results on November 5, 2026.

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Evercore ISI upgraded Legrand to Outperform with an unchanged EUR 175.00 price target on October 2, 2026, putting the target 29.57 percent above the EUR 135.08 Lang & Schwarz price. According to Markets Insider, analyst Alexander Virgo moved the rating from In Line to Outperform. Legrand was trading at EUR 135.08 at Lang & Schwarz on October 16, 2026 at 3:39 p.m. CEST, 1.03 percent above the Euronext Paris close of October 15, 2026.

Margin stayed above 20 percent

Legrand's operating profile gives the target revision a measurable earnings backdrop. The company reported an adjusted operating margin of 20.80 percent for the first half of 2026, while adjusted operating profit reached EUR 1,123.60 million for that period. The figures come from Legrand's investor-relations page, which also reported EUR 5,400.30 million in first-half sales and net profit attributable to the Group of EUR 698.20 million.

Price position and trading range

The Euronext Paris session showed a day low of EUR 132.30 and a day high of EUR 137.15 on October 16, 2026. The Lang & Schwarz bid was EUR 135.05 and the ask was EUR 135.10 at 3:39 p.m. CEST. The 52-week range runs from EUR 121.95 to EUR 166.95, placing the Lang & Schwarz price 19.09 percent below the high and 10.77 percent above the low. Trading volume on Euronext Paris was 220,813 shares against an average of 558,409 shares.

Valuation and next reporting date

Legrand's market capitalization stood at EUR 35.4 billion on October 16, 2026. The price-to-earnings ratio was 27.10 and the trailing dividend yield was 0.02 percent. The next scheduled company date is the publication of nine-month 2026 results on November 5, 2026, according to Business Wire.

Comparison with peers

Legrand: plus 1.03 percent, P/E 27.10, market capitalization EUR 35.4 billion.
Schneider Electric (Euronext Paris, EUR): minus 0.37 percent, P/E 30.82, market capitalization EUR 144.9 billion.
Rexel (Euronext Paris, EUR): plus 2.85 percent, P/E 14.68, market capitalization EUR 10.4 billion.

Price and investor context

The unchanged EUR 175.00 Evercore ISI target leaves a wide gap to the current euro quotation, while Legrand's first-half adjusted margin remained above 20 percent. The next reporting date gives investors a defined checkpoint for judging whether the company's growth and profitability trajectory is continuing.

Legrand was trading at EUR 135.08 at Lang & Schwarz on October 16, 2026 at 3:39 p.m. CEST, 1.03 percent above the Euronext Paris close of October 15, 2026. The further course of trading is shown by the continuously updated real-time quote of Legrand stock.