Legrand stock falls 3.71 percent as first-half sales rise 13.1 percent

Published on 10/07/2026 at 14:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Legrand stock was trading at EUR 142.90 on October 7, 2026, while first-half sales rose 13.1 percent to EUR 5,400.3 million. Analysts set an average target of EUR 168.39.

Isometrische Grafik einer Wertschöpfungskette von Fabrik bis zur Baustelle — Legrand SA (FR0010307819) Wertschöpfungskette von Rohstoff über Produktion bis zur Gebäudeinstallation isometrisch dargestellt, Illustration mit AI erstellt.

Legrand (ISIN FR0010307819) was trading at EUR 142.90 on Euronext Paris on October 7, 2026 at 1:53 p.m. CEST, down 3.71 percent during the session. The company entered the day with first-half sales up 13.1 percent and its data-center strategy attracting fresh analyst attention.

First-half growth sets the base

According to Legrand in its July 29, 2026 first-half update, sales reached EUR 5,400.3 million in H1 2026, up 13.1 percent from the comparable period. Organic growth contributed 9.8 percent, growth through acquisitions added 6.9 percent, and adjusted operating margin after acquisitions stood at 20.8 percent.

Net profit attributable to the Group was EUR 698.2 million in H1 2026, according to the same first-half company release. The combination of double-digit sales growth and a margin above 20 percent gives the share price a fundamentals-based counterweight to its October 7 decline.

Data centers drive the targets

Legrand's September 28, 2026 Capital Markets Day set organic sales growth of 6 percent to 8 percent annually for 2027 through 2030 and an adjusted operating margin of 21 percent to 22 percent. The company also said data-center sales would exceed EUR 3 billion in 2026, with data centers representing 32 percent of sales based on the H1 2026 mix, according to Legrand.

The latest acquisition adds another data-center-related element to that strategy. Legrand announced the acquisition of U.S. power-integration specialist Girtz Industries on October 6, 2026, extending its offering in modular power and backup systems for data centers and other infrastructure markets.

Analysts keep a Buy consensus

Investing.com lists a Buy consensus from 18 analysts, with 13 Buy ratings, 3 Holds and 2 Sells. The average 12-month price target is EUR 168.39, while the published range runs from EUR 120 to EUR 200.

Recent broker views remain constructive but not uniform. Barclays reiterated Buy with a EUR 188 target on October 5, 2026, while Morgan Stanley raised its target from EUR 160 to EUR 166 after the strategy update, as reported by Yahoo Finance.

Legrand stock trades below its yearly high

Legrand stock was trading at EUR 142.90 on Euronext Paris on October 7, 2026 at 1:53 p.m. CEST, down 3.71 percent, with 121,188 shares changing hands. Its 52-week range was EUR 121.95 to EUR 166.95, placing the quote EUR 24.05 below the high.