RBC keeps EUR 170.00 target for Legrand stock

Published on 10/13/2026 at 13:29 | 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 138.55 on October 13, 2026, down 0.75 percent versus the Xetra close.

RBC Capital maintained a Buy rating and a EUR 170.00 target for Legrand on October 9, 2026.
First-half sales rose 13.10 percent to EUR 5.40 billion, while adjusted operating margin reached 20.80 percent.
Legrand stock costs EUR 138.55 at Lang & Schwarz on October 13, 2026 at 1:19 p.m. CEST, down 0.75 percent versus the Xetra close of October 12, 2026.
Legrand's market capitalization was EUR 36.4 billion and its P/E ratio was 27.90 as of October 13, 2026.

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RBC Capital maintained a Buy rating and a EUR 170.00 price target for Legrand on October 9, 2026, putting the target 22.70 percent above the Lang & Schwarz price of EUR 138.55. The stock was trading at Lang & Schwarz on October 13, 2026 at 1:19 p.m. CEST, down 0.75 percent versus the Xetra close of October 12, 2026 at EUR 139.60.

First-half sales rose 13.10 percent

Legrand reported first-half 2026 sales of EUR 5.40 billion, up 13.10 percent from the comparable period, according to Legrand. Organic sales growth was 9.80 percent, while acquisitions contributed 6.90 percent.

The company also reported an adjusted operating margin of 20.80 percent and net profit attributable to the Group of EUR 698.2 million for the first half of 2026. The combination of sales growth and margin retention gives the upcoming nine-month report a clear measurement point for the upgraded full-year targets.

Stock stays below its yearly high

Legrand's Lang & Schwarz price of EUR 138.55 stood within a 52-week range of EUR 121.95 to EUR 166.95 on October 13, 2026. It was 17.01 percent below the high and 13.62 percent above the low, calculated from the same euro range.

The primary listing is on Euronext Paris, where the finance quote for Legrand was EUR 138.70 at 1:12 p.m. CEST on October 13, 2026. The separate home-market indication had a market capitalization of EUR 36.4 billion and a P/E ratio of 27.90.

Results date sets the next checkpoint

Business Wire listed Legrand's nine-month 2026 results for November 5, 2026, while its annual 2026 results are scheduled for February 10, 2027, in a financial-calendar release dated October 5, 2026. The November publication will provide the next reported sales and profitability update after the strong first half.

Price and valuation in view

RBC Capital's EUR 170.00 target sits 22.70 percent above the Lang & Schwarz price, using the same euro currency. That gap is more informative than the modest intraday move because it places the analyst view against a dated market quotation rather than against a forecast alone.

Price remains below the target

Legrand stock was trading at EUR 138.55 at Lang & Schwarz on October 13, 2026 at 1:19 p.m. CEST, down 0.75 percent versus the Xetra close of October 12, 2026 at EUR 139.60. The further course of trading is shown by the continuously updated real-time quote of Legrand stock.