Shares of Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $41.60, but opened at $43.37. Rexel shares last traded at $43.37, with a volume of 249 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of Rexel in a research report on Monday, June 29th. Zacks Research upgraded shares of Rexel to a “hold” rating in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Rexel has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on RXEEY
Rexel Stock Up 2.7%
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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