Rexel (OTCMKTS:RXEEY) Stock Crosses Below 50-Day Moving Average of $17.60

Rexel S.A. (OTCMKTS:RXEEYGet 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

The company also recently announced a dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Thursday, June 2nd were given a dividend of $0.7308 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a dividend yield of 3.38%. This is an increase from Rexel’s previous dividend of $0.55.

About Rexel

(Get Rating)

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.

Further Reading

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