Legrand stock gains as Oddo BHF raises its target

Published on 09/22/2026 at 19:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Legrand stock closed at EUR 139.35 on September 21, 2026, up 2.6 percent. Oddo BHF lifted its target to EUR 150 after strong half-year growth.

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Legrand (ISIN FR0010307819) closed at EUR 139.35 on Euronext Paris on September 21, 2026, up 2.6 percent from the prior session. The move followed a target increase from Oddo BHF, while the latest half-year figures point to strong demand from data centers.

Oddo BHF lifts target to EUR 150

According to Ideal Investisseur on September 22, 2026, Oddo BHF raised its Legrand target from EUR 146 to EUR 150 on September 21 while maintaining a neutral rating. The EUR 4 increase followed Legrand's half-year publication on July 29, which was accompanied by higher full-year 2026 targets.

The latest market data put the stock at EUR 138.85 at 5:55 p.m. on September 21, 2026. Legrand had gained 6.72 percent year to date, while its 52-week range ran from EUR 121.95 to EUR 166.95, leaving the closing price 16.84 percent below the yearly high.

Data centers drive half-year growth

Legrand reported organic sales growth of 17 percent in the first half of 2026, according to the September 22, 2026 report from Ideal Investisseur. Data centers were identified as a key growth driver, and seven acquisitions contributed to the group's energy-transition and digital-transformation activities.

The comparison is notable because the 17 percent organic increase came alongside negative currency effects on reported growth. Management also described the geopolitical and economic backdrop as highly evolving, making currency and demand conditions important variables for the upgraded 2026 outlook.

Investor Day sets next checkpoint

Legrand is scheduled to hold an Investor Day in Singapore on September 29, 2026, according to Ideal Investisseur. That date gives investors a defined checkpoint after the half-year growth update and before the next scheduled reporting cycle.

Legrand stock remains below yearly high

Legrand stock closed at EUR 139.35 on Euronext Paris on September 21, 2026. The separate market snapshot showed EUR 138.85 at 5:55 p.m. on the same date, with a market capitalization of EUR 36.41 billion and volume of 495,422 shares.