Rexel S.A. (OTCMKTS:RXEEY – Get Free Report)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $37.07, but opened at $35.58. Rexel shares last traded at $35.8035, with a volume of 1,945 shares trading hands.
Analysts Set New Price Targets
Separately, Morgan Stanley reiterated an “overweight” rating on shares of Rexel in a research note on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.
View Our Latest Report on RXEEY
Rexel Trading Down 2.9%
The stock has a fifty day moving average of $41.11 and a 200 day moving average of $42.26.
About Rexel
Rexel is a France-based distributor of electrical products and related solutions for residential, commercial and industrial customers. The company supplies equipment used in electrical installations, including wiring and cabling, circuit protection, lighting, automation and control systems, tools, safety products, and heating, ventilation and air-conditioning equipment.
Rexel serves electrical contractors, industrial businesses, construction companies, utilities and other professional customers through branch networks, sales teams and digital commerce platforms.
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