Rexel (OTCMKTS:RXEEY) Sees Strong Trading Volume – Should You Buy?

Rexel S.A. (OTCMKTS:RXEEY) shares saw an uptick in trading volume on Monday . Approximately 13,013 shares traded hands during trading, a decline of 27% from the previous session’s volume of 17,802 shares.The stock last traded at $43.57 and had previously closed at $43.16.

Analysts Set New Price Targets

A number of research firms recently commented on RXEEY. Zacks Research upgraded Rexel to a “hold” rating in a report on Tuesday, June 9th. Jefferies Financial Group upgraded shares of Rexel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research note on Monday, June 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Rexel Stock Performance

The stock’s 50-day simple moving average is $42.78 and its two-hundred day simple moving average is $41.68. The stock has a market cap of $12.92 billion and a price-to-earnings ratio of 54.80.

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.