Legrand holds a solid analyst consensus, shares trade near recent highs

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-26, 15:38.

Legrand (FR0010307819) stands out on Euronext Paris with a broadly constructive analyst consensus that underpins its role in the European electrical equipment sector. The stock is widely viewed as a beneficiary of ongoing investment in data centers and building electrification, according to recent broker research.

What recent analyses say

On 18 June 2026, Citi described Legrand shares as undervalued and reiterated a positive stance, arguing that market pricing does not fully reflect the group’s exposure to data center demand in the United States. Earlier in June, CIC Corporate & Institutional Banking reportedly upgraded Legrand to Buy, highlighting the company’s pricing power and cash generation.

MarketScreener’s analyst compilation shows an average recommendation around "Accumulate" for Legrand, with a published consensus target near 158.5 euros, implying mid-single-digit upside versus recent prices. This places the French group alongside Schneider Electric in broker portfolios as a core European electrification play, with Legrand more focused on low-voltage infrastructure and digital building systems.

Valuation, peers and expectations

Based on recent Paris prices of roughly 147 to 148 euros, Legrand trades at a moderate discount to the aggregated analyst target cited above, indicating limited but positive implied upside in current models. For comparison, European electrical peer Schneider Electric often commands a premium multiple due to its larger industrial automation footprint, while Legrand tends to be valued more on recurring building-infrastructure demand.

In its first-quarter update at the end of April 2026, Legrand reported that strong data center demand in the United States helped the company exceed market expectations, confirming that digital infrastructure remains a key earnings driver. Analysts following the stock generally project continued support from North American demand, alongside gradual normalization in more cyclical European construction markets, according to consensus summaries.

The products behind the business

Legrand generates revenue primarily from electrical and digital building infrastructures, including wiring devices, panels and energy distribution equipment. A representative product line is its range of intelligent circuit breakers and connected distribution boards, which enable monitoring of energy use in commercial and residential buildings and are marketed globally through professional installer channels.

Where the stock trades today

The Legrand shares (FR0010307819) last traded on Euronext Paris on 2026-06-26 at around 147.65 euros. At that level, the company’s market capitalization is approximately 38 billion euros based on the most recent exchange data.

This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities. All data are based on sources deemed reliable but cannot be guaranteed. Investors should conduct their own research or consult a qualified advisor before making investment decisions.