RBC keeps Buy rating and EUR 170 target for Legrand stock

Published on 10/16/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half sales reached EUR 5.40 billion, up 13.10 percent year on year. Legrand stock costs EUR 133.43 on October 16, 2026 during trading.

Growth plans meet analyst support

RBC Capital set a EUR 170.00 target and kept its Buy rating on October 9, 2026.
Legrand reported EUR 5.40 billion in first-half 2026 sales, up 13.10 percent year on year.
Legrand stock trades at EUR 133.43 at 9:20 a.m. CEST at Lang & Schwarz on October 16, 2026.
Nine-month results are scheduled for November 5, 2026.
Legrand had a EUR 35.4 billion market capitalization as of October 16, 2026.

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Legrand stock (ISIN FR0010307819) was trading at EUR 133.43 at Lang & Schwarz on October 16, 2026, at 9:20 a.m. CEST. The latest analyst signal came from RBC Capital, which maintained a Buy rating and set a EUR 170.00 price target on October 9, 2026, according to Markets Insider.

First-half growth supports the case

Legrand's latest reported period was the first half of 2026. Sales reached EUR 5.40 billion, an increase of 13.10 percent from the comparable period, while organic growth was 9.80 percent. The company reported an adjusted operating margin of 20.80 percent and net profit attributable to the Group of EUR 698.20 million, according to Legrand.

The growth profile is closely tied to data centers and energy transition products. At its September 28, 2026 Capital Markets Day, Legrand said data-center sales would reach more than EUR 3 billion in 2026 and outlined an adjusted operating margin target of 21 percent to 22 percent for 2027 through 2030, according to Legrand.

Three dated steps shaped the outlook

On July 29, 2026, Legrand reported EUR 5.40 billion in first-half sales and a 20.80 percent adjusted operating margin. On September 28, 2026, it presented its upgraded 2030 ambitions, including 6 percent to 8 percent annual organic sales growth. On October 9, 2026, RBC Capital kept its Buy rating and set a EUR 170.00 target, as reported by Markets Insider.

What dates matter next?

Legrand is scheduled to publish its nine-month 2026 results on November 5, 2026 and its full-year 2026 results on February 10, 2027, according to TipRanks. Those dates will test whether the data-center expansion and acquisition strategy are translating into the reported margin and sales trajectory.

Valuation remains the market question

Legrand had a EUR 35.4 billion market capitalization as of October 16, 2026. The same market snapshot placed its 52-week range at EUR 121.95 to EUR 166.95, while the current Lang & Schwarz price sat inside that range. For investors, the key comparison is between the company's 20.80 percent first-half adjusted operating margin and the 21 percent to 22 percent average target for 2027 through 2030.

Stock price and investor view

The immediate picture combines a fresh analyst target with a business plan centered on higher-value electrical and digital infrastructure. Legrand's scheduled November 5, 2026 report is the next dated test of that strategy.

Legrand was trading at EUR 133.43 at Lang & Schwarz on October 16, 2026 at 9:20 a.m. CEST.

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