Jefferies raises target for Legrand stock to EUR 170.00

Published on 10/13/2026 at 09:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Legrand stock costs EUR 138.35 on October 13, 2026, 17.13 percent below its EUR 166.95 high. Nine-month results are due November 5, 2026.

Key points in brief

Jefferies raised its Legrand target from EUR 168.00 to EUR 170.00 on October 7, 2026.
Legrand's 2030 plan targets 6.00 percent to 8.00 percent annual organic sales growth and a 21.00 percent to 22.00 percent adjusted operating margin.
Legrand stock was at EUR 138.35 at Lang & Schwarz on October 13, 2026, 17.13 percent below its EUR 166.95 52-week high.
Nine-month 2026 results are scheduled for November 5, 2026.

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Legrand (FR0010307819) stock was at EUR 138.35 at Lang & Schwarz on October 13, 2026, while Jefferies had raised its price target from EUR 168.00 to EUR 170.00 on October 7, 2026, according to Ideal Investisseur. The target increase keeps the analyst focus on Legrand's data center expansion rather than on the modest intraday price signal.

Target rises to EUR 170.00

Jefferies maintained a Buy rating while lifting its target from EUR 168.00 to EUR 170.00 on October 7, 2026, the latest dated analyst action identified for the stock. The new target is EUR 31.65 above the Lang & Schwarz price, but the two quotes belong to different reference moments and are not combined into a return calculation.

What does the target increase mean?

Legrand's strategic case rests on data centers, energy transition and acquisitions. In its September 29, 2026 Capital Markets Day release, Legrand set a 2027-2030 target for annual organic sales growth of 6.00 percent to 8.00 percent and an adjusted operating margin of 21.00 percent to 22.00 percent. The company also described data centers as 32.00 percent of first-half sales, giving investors a measurable link between the growth strategy and the upgraded targets.

The most recent reported operating figures came from the first half of 2026. Legrand reported sales of EUR 5.40 billion, organic sales growth of 9.80 percent and an adjusted operating margin of 20.80 percent on July 29, 2026. The comparison is clear: the first-half margin was 0.20 percentage points below the lower end of the new 2030 margin range.

Three dated developments

On September 29, 2026, Legrand presented its upgraded 2030 plan with 6.00 percent to 8.00 percent annual organic sales growth and a 21.00 percent to 22.00 percent adjusted operating margin, according to Legrand. On October 6, 2026, the company announced the acquisition of Girtz Industries, a U.S. power integration specialist with annual revenue of USD 80.00 million and 300 employees, according to Legrand. On October 7, 2026, Jefferies lifted its target from EUR 168.00 to EUR 170.00, as reported by Ideal Investisseur.

Next results arrive November 5

Legrand's next scheduled report is its nine-month 2026 results on November 5, 2026. Its annual 2026 results are scheduled for February 10, 2027, according to Business Wire. Those dates provide the next reported checkpoints for sales growth, margin delivery and the data center strategy.

Stock remains below its yearly high

Legrand stock was at EUR 138.35 at Lang & Schwarz on October 13, 2026 at 9:20 a.m. CEST. The price was 17.13 percent below the EUR 166.95 52-week high and above the EUR 121.95 low, with market capitalization of EUR 36.2 billion based on the primary Euronext Paris listing. The further course of trading is shown by the continuously updated real-time quote of Legrand stock.