Legrand stock falls after BofA trims view on data-center boom
Published on 09/09/2026 at 17:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Legrand stock (ISIN FR0010307819) declined to EUR 140.90 on Euronext Paris in intraday trading on September 9, 2026, leaving the electrical and digital building infrastructure specialist below its recent closing high of EUR 146.15 but still up about 4.8 percent since the start of 2026.
BofA adjusts Legrand view on data centers
According to Zonebourse on September 9, 2026, Bank of America has raised its earnings estimates and refreshed its price target on Legrand to reflect booming demand from data centers, while the stock nevertheless traded down 3.6 percent on the day to EUR 140.90.
The same overview from Zonebourse shows that Legrand shares last closed at EUR 146.15 and that the average analyst price target stands at EUR 166.44, implying roughly 13.9 percent upside potential from that prior close.
Recent figures and upcoming Q3 2026 results
Legrand most recently reported its half-year 2026 results earlier in the summer, and according to the company information available via its investors and shareholders section at Legrand, these figures cover the first half of 2026 and represent the latest interim snapshot ahead of the third quarter release.
In that half-year 2026 reporting context, Legrand highlighted continued growth in solutions for data centers and digital infrastructure, which helps explain why Bank of America is comfortable increasing its earnings estimates even as it fine-tunes the valuation framework for the stock, as indicated by Zonebourse.
The same data overview from Zonebourse also lists November 5, 2026, as the scheduled date for the publication of Legrand's third quarter 2026 results, giving investors a clear next checkpoint for updated revenue and earnings figures.
Stock still supported by analyst consensus
Even after the latest drop to EUR 140.90 on September 9, 2026, Legrand stock remains above its starting level for the year, with the year-to-date performance indicated at 10.81 percent in the same Zonebourse snapshot, underlining that the shares have already delivered a double-digit gain in 2026 before any further contribution from upcoming results.
With an average analyst target of EUR 166.44 versus the recent closing price of EUR 146.15, the implied gap of 13.89 percent gives a quantified sense of how much room the consensus still sees for Legrand in relation to its current valuation, as documented by Zonebourse.
Legrand stock price and market data
As of approximately 13:31 Central European Time on September 9, 2026, Legrand stock traded at EUR 140.90 on Euronext Paris, down 3.59 percent on the day, after a previous closing level of EUR 146.15; the same data overview indicates a 10.81 percent gain year to date, according to Zonebourse.
Legrand stock at a glance
- Company: Legrand SA
- ISIN: FR0010307819
- Ticker: LR
- Trading venue: Euronext Paris
- Price (as of September 9, 2026, 13:31): 140.90 EUR
- Market capitalization: [value not displayed in available data] EUR (as of September 9, 2026)
- Sector / Industry: Electrical equipment and digital building infrastructure
- Index membership: CAC 40
- Next earnings date: November 5, 2026
