Rexel (OTCMKTS:RXEEY) Shares Cross Below Fifty Day Moving Average of $17.60

Shares of Rexel S.A. (OTCMKTS:RXEEYGet Rating) passed 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 changing hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RXEEY. Morgan Stanley lowered their target price on Rexel from €25.00 ($25.77) to €24.00 ($24.74) and set an “overweight” rating on the stock in a report on Monday, April 11th. JPMorgan Chase & Co. lowered their target price on Rexel from €28.00 ($28.87) to €25.00 ($25.77) and set an “overweight” rating on the stock in a report on Thursday, June 30th. Finally, Societe Generale raised their target price on Rexel from €23.00 ($23.71) to €24.00 ($24.74) in a report on Tuesday, April 26th.

Rexel Stock Down 1.0 %

The stock has a fifty day simple moving average of $17.60 and a 200-day simple moving average of $20.01.

Rexel Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Thursday, June 2nd were issued a dividend of $0.7308 per share. This represents a dividend yield of 3.38%. The ex-dividend date was Wednesday, June 1st. This is a positive change 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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