Rexel (OTCMKTS:RXLSF) Given New €24.00 Price Target at Morgan Stanley

Rexel (OTCMKTS:RXLSFGet Rating) had its price target reduced by Morgan Stanley from €25.00 ($25.77) to €24.00 ($24.74) in a research note issued to investors on Monday, The Fly reports.

RXLSF has been the subject of several other reports. JPMorgan Chase & Co. boosted their price objective on Rexel from €25.00 ($25.77) to €26.50 ($27.32) and gave the stock an overweight rating in a research report on Friday. Exane BNP Paribas upgraded Rexel from a neutral rating to an outperform rating in a research report on Friday, July 8th.

Rexel Stock Performance

Shares of RXLSF stock opened at $16.58 on Monday. The business has a 50 day moving average of $17.49 and a two-hundred day moving average of $19.65. Rexel has a 52 week low of $14.68 and a 52 week high of $23.70.

Rexel Company Profile

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Rexel SA, together with its subsidiaries, distributes electrical products and services for the residential, commercial, and industrial energy markets worldwide. The company offers smart cameras, sensors, controllers, and monitoring software; light sources, lights, and control switches; climate control products, including heat pumps, air conditioning, and water heaters; fire alarms, surveillance equipment, access controls devices, and emergency lightings; and connection cables, and switches and routers, as well as enclosures, mounts, and racks.

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