Legrand refocuses on U.S. data centers, shares stay supported on Euronext Paris
23.06.2026 - 19:51:12 | ad-hoc-news.de
By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-23, 19:45.
Legrand (FR0010307819) has returned to the Euronext Paris spotlight after a first-quarter earnings beat driven by robust U.S. data center demand, as highlighted in early May releases and market commentary. The French electrical equipment maker also added scale in North America with the acquisition of U.S.-based Girtz Industries, reinforcing its infrastructure footprint according to MarketScreener’s compilation of recent company announcements and Reuters reporting.MarketScreener Q1 and M&A overview
What recent reports highlight
In early May Legrand reported first-quarter 2026 results that came in above analyst expectations, supported in particular by strong orders from U.S. data centers, according to a Reuters dispatch summarized by MarketScreener.MarketScreener Q1 recap citing Reuters The group pointed to resilient demand in digital infrastructure as a key driver for its performance in the period.
Alongside the earnings beat, Legrand continued its bolt-on acquisition strategy in North America by agreeing to acquire Girtz Industries, a U.S. company active in power infrastructure equipment, in a deal announced on 10 June 2026.MarketScreener note on the Girtz Industries acquisition This transaction fits Legrand’s longstanding strategy of supplementing organic growth with targeted acquisitions in higher-growth segments.
Analyst stance and valuation signal
On the analyst side, CIC Corporate & Institutional Banking upgraded Legrand shares to Buy in mid-June 2026, reinforcing a broadly constructive view on the stock among European brokers.MarketScreener analyst consensus page The upgrade came as the firm assessed the group’s positioning in energy efficiency and digital infrastructure positively.
MarketScreener data show that the average analyst price target for Legrand currently stands around 157.74 euros, compared with a recent closing price in the mid-150-euro range on Euronext Paris.MarketScreener price-target overview This implies only a modest upside to consensus, which is consistent with a cautious but positive stance after the strong share price performance over the past year.
All news and analysis on the Legrand shares
Historic results, broker views and price data for Legrand are available in the dedicated topic section and via the group’s own investor relations portal.
The product lines behind the stock
Legrand generates its revenue by designing and manufacturing electrical and digital building infrastructure, including switches, sockets, cable management systems and data center power distribution units. The company also offers energy efficiency and smart-home solutions that integrate lighting, climate control and security into digital building platforms.
Where the shares trade today
The Legrand shares (FR0010307819) last traded on Euronext Paris at 154.05 euros on 2026-06-23, 17:55, according to exchange data.
Key data on the Legrand shares
- Company: Legrand SA
- ISIN: FR0010307819
- WKN: 859929
- Ticker: LR
- Trading venue: Euronext Paris
- Price (as of 2026-06-23, 17:55): 154.05 EUR
- Market cap: 40.9 billion EUR (as of 2026-06-23)
- Sector / industry: Electrical Components & Equipment
- Index membership: CAC 40, STOXX Europe 600
- Next earnings date: 2026-07-30
This article is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell any financial instrument, or a solicitation to engage in any investment activity.
