Rexel S.A. (OTCMKTS:RXEEY – Get Free Report)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $43.01 and traded as high as $43.77. Rexel shares last traded at $43.09, with a volume of 9,595 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have weighed in on RXEEY. Zacks Research raised shares of Rexel to a “hold” rating in a research note on Tuesday, June 9th. Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Rexel has an average rating of “Moderate Buy”.
Get Our Latest Research Report on Rexel
Rexel Trading Down 0.8%
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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