Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) shares gapped up before the market opened on Friday. The stock had previously closed at $36.83, but opened at $38.16. Rexel shares last traded at $37.04, with a volume of 5,479 shares.
Analysts Set New Price Targets
Separately, Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research report on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on Rexel
Rexel Price Performance
The business’s fifty day moving average is $41.34 and its 200-day moving average is $42.28.
About Rexel
Rexel SE is a France-based distributor of electrical products and related services. The company supplies electrical equipment and solutions to professional customers, including electrical contractors, industrial businesses, commercial and residential construction companies, and maintenance providers.
Its product offering includes electrical installation equipment, wiring and cabling, lighting, automation and control systems, industrial supplies, heating and ventilation products, renewable-energy equipment, and solutions for energy management and building electrification.
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