Legrand announced Girtz deal and RBC kept Buy on Legrand stock

Published on 10/14/2026 at 09:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half sales rose 13.10 percent to EUR 5.40 billion. Legrand stock costs EUR 138.83 on October 14, 2026, 18.34 percent below EUR 170.00.

Acquisition and growth targets

Legrand announced the Girtz acquisition on October 6, 2026, adding 300 employees in the United States.
First-half 2026 sales reached EUR 5.40 billion, up 13.10 percent year over year.
Legrand stock was trading at EUR 138.83 at 9:08 a.m. CEST at Lang & Schwarz on October 14, 2026.
RBC Capital maintained a Buy rating and a EUR 170.00 target on October 9, 2026.

Trading-Floor mit Händlern und Bildschirmen mit CAC 40 Kursdiagramm — Legrand SA (FR0010307819) notiert im CAC 40, editorial auf geschäftigem Trading-Floor mit Kursdiagrammen dargestellt, Illustration mit AI erstellt.

Legrand (FR0010307819) announced the acquisition of Girtz Industries on October 6, 2026, adding a U.S. specialist with 300 employees to its data-center expansion. The company also has analyst support: Markets Insider reported that RBC Capital kept its Buy rating and set a EUR 170.00 price target on October 9, 2026.

Three dated growth milestones

On July 29, 2026, Legrand reported first-half sales of EUR 5.40 billion, up 13.10 percent from the prior-year period. The company also reported organic growth of 9.80 percent, growth through acquisitions of 6.90 percent and an adjusted operating margin of 20.80 percent, according to Legrand.

The next milestone came on September 28, 2026, when Legrand presented upgraded 2030 ambitions. The plan targets organic sales growth of 6.00 percent to 8.00 percent annually from 2027 through 2030 and an adjusted operating margin of 21.00 percent to 22.00 percent, according to Business Wire.

What does Girtz add?

Girtz designs customized modular power integration systems, testing services and generator solutions for data centers as well as industrial, infrastructure and commercial customers. That puts the acquisition directly alongside Legrand's stated data-center strategy, where the company said the business would generate more than EUR 3.00 billion of sales in 2026.

The valuation context is also clear. RBC's EUR 170.00 target stands 18.34 percent above the Lang & Schwarz price of EUR 138.83, while the analyst consensus cited by Markets Insider was EUR 176.14 on October 12, 2026. The comparison points to expectations that extend beyond the immediate contribution from one acquisition.

Stock quote and company profile

Legrand was trading at EUR 138.83 at Lang & Schwarz on October 14, 2026 at 9:08 a.m. CEST. The finance data snapshot showed a market capitalization of EUR 36.0 billion, while the 52-week range was EUR 121.95 to EUR 166.95 as of October 13, 2026.

The company is listed on Euronext Paris under ticker LR and is a CAC 40 constituent. The latest half-year figures and the acquisition keep data centers, energy transition and acquisition execution at the center of the investment case.

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