Rexel S.A. (OTCMKTS:RXEEY – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $41.45, but opened at $44.0320. Rexel shares last traded at $44.06, with a volume of 480 shares trading hands.
Analysts Set New Price Targets
A number of brokerages recently weighed in on RXEEY. Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research note on Monday, June 29th. Zacks Research raised shares of Rexel to a “hold” rating in a research report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Rexel currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on Rexel
Rexel Stock Up 3.7%
Rexel Company Profile
Rexel is a global distributor specializing in electrical supplies and services for residential, commercial and industrial markets. The company’s product portfolio includes wiring, lighting, automation and control systems, energy management solutions, safety equipment and renewable energy products. Rexel supports its customers with technical expertise, digital tools and value-added services such as inventory management, project management and on-site support.
Headquartered in Paris, France, Rexel operates in more than 25 countries across Europe, North America, Asia-Pacific and Latin America.
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