Legrand acquires Girtz: Evercore sets EUR 175 target for Legrand stock

Published on 10/20/2026 at 09:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Legrand bought Girtz on October 6, 2026 for data center growth. Legrand stock costs EUR 125.70 on October 20, 2026, inside its EUR 121.95-166.95 range.

Data center strategy and reporting dates

Legrand announced its Girtz Industries acquisition on October 6, 2026.
First-half 2026 adjusted operating margin reached 20.80 percent.
Legrand stock trades at EUR 125.70 at 9:30 a.m. CEST at Lang & Schwarz on October 20, 2026.
Nine-month 2026 results are scheduled for November 5, 2026.

Schwarzweißfoto: Arbeiter mit Helm prüft Metallgehäuse im Lager — Legrand SA (FR0010307819) liefert Kabelkanäle, dokumentiert in schwarz-weißer journalistischer Lagerhallen-Reportage eines Arbeiters, Illustration mit AI erstellt.

Legrand acquired Girtz Industries on October 6, 2026, strengthening its data center power business. According to Legrand, Girtz designs modular power integration solutions and provides testing and technical services for data centers, industrial sites, infrastructure and commercial applications.

Three events define the strategy

Legrand's recent sequence shows how acquisitions and data center demand are shaping the growth plan. On July 29, 2026, first-half sales reached EUR 5.40 billion, organic sales growth was 9.80 percent and adjusted operating margin after acquisitions was 20.80 percent, according to Legrand. On September 28, 2026, the company set a data center sales objective of more than EUR 3.00 billion for 2026 and upgraded its 2030 ambitions. The October 6, 2026 Girtz announcement added another specialist to that expansion.

What does data center growth mean?

Legrand said data centers represented 32.00 percent of sales based on its first-half 2026 sales split. Its upgraded 2027-2030 framework targets organic sales growth of 6.00 percent to 8.00 percent annually and an adjusted operating margin of 21.00 percent to 22.00 percent, according to FinancialFilings. The counter-factor is execution: the plan depends on continued data center expansion and successful integration of acquisitions.

When are the next results?

Legrand's next scheduled reporting date is November 5, 2026, for nine-month results. Annual results are scheduled for February 10, 2027. Both dates are listed in the company's financial calendar reported by FinancialFilings.

Analyst target remains above the quote

Evercore ISI upgraded Legrand to Outperform on October 2, 2026 and kept its EUR 175.00 price target, according to Investing.com. The firm cited the data center opportunity while identifying weaker activity outside that business as a risk.

Stock trades near yearly low

Legrand stock was trading at EUR 125.70 at Lang & Schwarz on October 20, 2026 at 9:30 a.m. CEST. The quote sits within the EUR 121.95 to EUR 166.95 52-week range, while market capitalization stood at EUR 33.1 billion. The company is listed on Euronext Paris and is a CAC 40 component.

The further course of trading is shown by the continuously updated real-time quote of Legrand stock.