Legrand lifts first quarter guidance, CAC 40 shares draw fresh analyst support

Legrand reports stronger than expected first quarter figures and raises its outlook, while brokers including Citi and CIC highlight upside potential for the CAC 40-listed electrical equipment group.

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-29, 12:35.

Legrand (FR0010307819) posted first quarter results ahead of market expectations and lifted parts of its annual guidance, according to recent coverage from MarketScreener. The Paris-listed shares are part of the CAC 40 index, giving the electrical equipment group a prominent position on Euronext Paris.

What the latest results show

MarketScreener reports that Legrand exceeded first quarter expectations thanks to robust demand from data centers in the United States. Strong US orders for data center-related solutions helped offset more muted trends in some European markets, supporting the group's revenue and margin profile in the opening months of the year.

In the same report, Legrand is shown trading around 144.35 euros in late June, with the shares down roughly 6 percent year to date but still about 13 percent higher compared with a 12-month look-back. This mixed performance reflects sector-wide volatility in industrial and building-technology names, even as demand in select high-growth segments such as data infrastructure remains solid.

Analyst views and consensus picture

The MarketScreener analyst overview cites 19 analysts covering Legrand, with an average recommendation of "Accumulate" and a mean price target of 158.53 euros, implying around 9 percent upside versus the latest closing price. Citi recently highlighted Legrand as undervalued within the CAC 40, placing the stock at the top of the French benchmark during one of the June trading sessions.

CIC Corporate & Institutional Banking upgraded its stance on Legrand to Buy, indicating increased confidence in the company's earnings trajectory and strategic positioning. These broker actions underline the supportive consensus backdrop, with investors watching whether demand from data center clients and ongoing restructuring efforts in France can sustain the recent margin improvements.

How Legrand makes its money

Legrand generates most of its revenue by designing and manufacturing electrical and digital building infrastructure, including products such as circuit breakers, wiring devices and cable management systems. A key growth area is solutions for data centers, where the group supplies power distribution and energy management equipment tailored to high-density computing environments.

Where the Legrand shares trade today

The Legrand shares (FR0010307819) trade on Euronext Paris in the CAC 40 index, with the latest referenced price around 144.35 euros as of 2026-06-29, 12:29, according to MarketScreener.

Legrand at a glance

• Company: Legrand SA
• ISIN: FR0010307819
• WKN: 859839
• Ticker: LR
• Trading venue: Euronext Paris
• Price (as of 2026-06-29, 12:29): 144.35 EUR
• Market cap: approximately 43.23 billion USD (around late June 2026)
• Sector / industry: Electrical equipment and digital building infrastructure
• Index membership: CAC 40
• Next earnings date: not officially scheduled

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. All data and estimates are based on sources cited and are subject to change.