Legrand stock gained 3.43 percent as 2030 targets rose

Published on 10/05/2026 at 22:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Legrand stock closed at EUR 144.55 on October 2, 2026, after 2030 targets lifted organic growth to 6%-8%. First-half sales rose 17% excluding currency effects.

Isometrische Grafik einer Wertschöpfungskette von Fabrik bis zur Baustelle — Legrand SA (FR0010307819) Wertschöpfungskette von Rohstoff über Produktion bis zur Gebäudeinstallation isometrisch dargestellt, Illustration mit AI erstellt.

Legrand stock (ISIN FR0010307819) closed at EUR 144.55 on Euronext Paris on October 2, 2026, gaining 3.43 percent as investors assessed upgraded 2030 ambitions. The company is targeting faster organic growth and higher margins, with data centers central to the strategy.

2030 targets move higher

According to Legrand on September 28, 2026, organic sales growth is targeted at 6%-8% annually from 2027 through 2030. The plan also calls for an adjusted operating margin of 21%-22% of sales, compared with a 20% target previously cited for the medium term.

The data center business is expected to exceed EUR 3 billion in sales in 2026, while data centers represented 32% of group sales in the first-half sales split. That mix gives the upgraded targets a clear operating driver, but it also concentrates investor attention on execution in power, cooling and digital infrastructure.

First-half margin reaches 20.8%

Legrand reported first-half 2026 sales of EUR 5,400.3 million for the period ended June 30, 2026. Sales increased 17% excluding currency effects, made up of 9.8% organic growth and 6.9% growth through acquisitions.

Adjusted operating profit reached EUR 1,123.6 million, equal to a 20.8% margin after acquisitions, while net profit attributable to the Group rose 11.2% to EUR 698.2 million. The figures show that the new margin ambition is above the first-half level by 0.2 to 1.2 percentage points, depending on where the target range lands.

Analysts raise growth expectations

As Yahoo Finance reported on October 2, 2026, Morgan Stanley raised its Legrand price target to EUR 166 from EUR 160 and retained an Overweight rating. The bank lifted its earnings-per-share forecasts for 2026, 2027 and 2028 by 0.7%, 2.1% and 4%, respectively.

Morgan Stanley also expects Legrand's 2027 operating profit at EUR 2.76 billion, 6.5% above Visible Alpha consensus. Its main counter-factor is the transition toward 800-volt direct-current systems, alongside competition in power protection, rectifiers and liquid cooling.

Legrand stock closed at EUR 144.55

On October 2, 2026, Legrand stock closed at EUR 144.55 on Euronext Paris, up 3.43 percent from the previous close. The session volume was 561,126 shares and the market capitalization was EUR 37.9 billion.

Boursorama lists November 5, 2026, for Legrand's third-quarter results. That date is the next scheduled checkpoint for testing whether the data center strategy and upgraded targets are translating into reported growth.