Legrand stock: Morgan Stanley lifts target to EUR 166 for Legrand stock

Published on 10/20/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Legrand stock trades 23.58 percent below its EUR 166.95 high. It costs EUR 127.58 on October 20, 2026, down 2.83 percent versus the Xetra close.

Analyst target and valuation

Morgan Stanley lifted its Legrand target from EUR 160.00 to EUR 166.00 on October 2, 2026.
First-half sales reached EUR 5.40 billion, up 13.10 percent year on year.
Legrand stock cost EUR 127.58 at Lang & Schwarz on October 20, 2026 at 4:00 p.m. CEST, 2.83 percent below the Xetra close of October 19, 2026.
Legrand had a price-to-earnings ratio of 25.51 and a market capitalization of EUR 33.2 billion as of October 20, 2026.

Trading-Floor mit Händlern und Bildschirmen mit CAC 40 Kursdiagramm — Legrand SA (FR0010307819) notiert im CAC 40, editorial auf geschäftigem Trading-Floor mit Kursdiagrammen dargestellt, Illustration mit AI erstellt.

Legrand stock has a new Morgan Stanley valuation marker: the bank lifted its target from EUR 160.00 to EUR 166.00 on October 2, 2026, according to Yahoo Finance. The target is 30.10 percent above the Lang & Schwarz price of EUR 127.58. At Lang & Schwarz, the stock was trading at EUR 127.58 on October 20, 2026 at 4:00 p.m. CEST, down EUR 3.72 or 2.83 percent versus the Xetra close of October 19, 2026 at EUR 131.30.

Sales growth supports the case

Legrand's latest reported period was the first half of 2026. According to Legrand, sales reached EUR 5.40 billion, up 13.10 percent from the first half of 2025. Organic growth contributed 9.80 percent, while acquisitions added 6.90 percent. Adjusted operating margin after acquisitions was 20.80 percent in the first half.

The same report put net profit attributable to the Group at EUR 698.20 million, up 11.20 percent year on year. Legrand also revised its full-year targets upward, giving Morgan Stanley a fresh basis for its October target change.

Stock sits near its yearly low

The Lang & Schwarz price is 23.58 percent below the 52-week high of EUR 166.95 and 4.62 percent above the 52-week low of EUR 121.95, both as of October 20, 2026. The primary Euronext Paris quote was EUR 126.80 at 3:48 p.m. CEST, with 339,313 shares traded in the same session.

Legrand's market capitalization was EUR 33.2 billion and its price-to-earnings ratio was 25.51 as of October 20, 2026. Schneider Electric was valued at EUR 136.8 billion with a price-to-earnings ratio of 29.20, while ABB had a market capitalization of SEK 1.5 trillion and a price-to-earnings ratio of 30.83 on October 20, 2026.

What the target implies

Morgan Stanley's EUR 166.00 target sits above the current euro price, but the share is also below the company's reported 52-week high. The contrast leaves the analyst target and the first-half margin as the two clearest reference points for the stock's valuation.

Legrand price and trading position

Legrand stock was trading at EUR 127.58 at Lang & Schwarz on October 20, 2026 at 4:00 p.m. CEST, down 2.83 percent versus the Xetra close of October 19, 2026 at EUR 131.30. The price remained 23.58 percent below the 52-week high of EUR 166.95.

The further course of trading is shown by the continuously updated real-time quote of Legrand stock.