Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $41.45, but opened at $44.0320. Rexel shares last traded at $44.06, with a volume of 480 shares trading hands.
Analyst Ratings Changes
A number of brokerages have recently commented on RXEEY. Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a report on Monday, June 29th. Zacks Research upgraded Rexel to a “hold” rating in a report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on RXEEY
Rexel Stock Up 3.7%
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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