Rexel S.A. (OTCMKTS:RXEEY – Get Rating) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.60 and traded as low as $17.35. Rexel shares last traded at $17.35, with a volume of 13,743 shares trading hands.
Wall Street Analyst Weigh In
RXEEY has been the subject of several research analyst reports. Societe Generale lifted their price objective on Rexel from €23.00 ($23.71) to €24.00 ($24.74) in a research report on Tuesday, April 26th. JPMorgan Chase & Co. cut their price objective on Rexel from €28.00 ($28.87) to €25.00 ($25.77) and set an “overweight” rating for the company in a research report on Thursday, June 30th. Finally, Morgan Stanley cut their price objective on Rexel from €25.00 ($25.77) to €24.00 ($24.74) and set an “overweight” rating for the company in a research report on Monday, April 11th.
Rexel Stock Performance
The business has a 50-day moving average price of $17.60 and a two-hundred day moving average price of $20.01.
Rexel Increases Dividend
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.
- Get a free copy of the StockNews.com research report on Rexel (RXEEY)
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