Legrand extends US data center push, shares backed by solid analyst consensus

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-28, 12:10.

Legrand (FR0010307819) highlights a robust start to 2026 and its growing US footprint in data center infrastructure. The Paris-listed group, a member of the CAC 40 index, reported first-quarter figures above expectations and continues to attract positive analyst attention.

What Reuters and IR report

According to a 26 April IR release, Legrand posted first-quarter 2026 sales of around €2.3 billion, up roughly 6 percent on a reported basis, with adjusted operating margin close to 21 percent. Management described demand for data center solutions in North America as a key driver, with the United States again the largest single-country market for the group.

MarketScreener cites Reuters highlighting that Legrand’s first-quarter earnings beat consensus estimates thanks in particular to strong US data center activity, while the company reiterated its full-year 2026 guidance for sales growth of 2 to 6 percent and an adjusted operating margin of 20 to 21 percent. The shares closed at 144.95 euros on Euronext Paris on 26 June 2026, leaving the stock up about 13.9 percent year-to-date.

Analyst views on the Legrand shares

The current analyst consensus compiled by MarketScreener shows 19 covering houses, with an average recommendation of "accumulate" and a median 12-month price target of 158.53 euros. This implies roughly 9.4 percent upside from the latest closing price, suggesting that the stock is still seen as modestly undervalued by the sell side.

Recent single-name updates underline this stance. Citi noted in mid-June that Legrand was among the top performers in the CAC 40 and argued the shares remained underpriced relative to peers such as Schneider Electric and Siemens, particularly given its exposure to structurally growing segments like data centers and digital infrastructure. Earlier in June, CIC Corporate & Institutional Banking upgraded Legrand to Buy, pointing to the company’s resilient margin profile and disciplined capital allocation.

The product behind the stock

Legrand generates most of its revenue from electrical and digital building infrastructures, with wiring devices and protection systems at the core. A representative portfolio line is its structured cabling and power distribution solutions for data centers, which include busbar trunking systems, racks and intelligent PDUs tailored to high-density server environments.

Where the stock trades today

The Legrand shares (FR0010307819) trade on Euronext Paris under the ticker LR. As of 2026-06-26, 17:55, the shares closed at 144.95 euros, with a market capitalization of roughly 38 billion euros, based on exchange data.

This article is for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. All data are based on sources cited and believed to be reliable but cannot be guaranteed.