Rexel S.A. (OTCMKTS:RXEEY – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $43.00 and traded as low as $41.27. Rexel shares last traded at $41.27, with a volume of 10,878 shares traded.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on RXEEY. Zacks Research upgraded 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Rexel has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on Rexel
Rexel Stock Performance
About Rexel
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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