Rexel (OTCMKTS:RXEEY) PT Raised to €24.00 at Societe Generale

Rexel (OTCMKTS:RXEEYGet Rating) had its price target increased by Societe Generale from €23.00 ($24.73) to €24.00 ($25.81) in a report released on Tuesday, The Fly reports.

RXEEY has been the topic of a number of other research reports. Morgan Stanley lowered their price objective on Rexel from €25.00 ($26.88) to €24.00 ($25.81) and set an “overweight” rating on the stock in a report on Monday, April 11th. JPMorgan Chase & Co. increased their target price on Rexel from €25.00 ($26.88) to €27.00 ($29.03) in a research note on Friday, January 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.25.

Shares of OTCMKTS RXEEY opened at $21.48 on Tuesday. The business’s 50-day simple moving average is $21.19 and its 200-day simple moving average is $21.01. Rexel has a 52 week low of $17.65 and a 52 week high of $24.42.

Rexel Company Profile (Get Rating)

Rexel SA, together with its subsidiaries, engages in the distribution of electrical products and services for the residential, commercial, and industrial energy markets worldwide. It operates through Europe, North America, and Asia-Pacific segments. 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.

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