Rexel (OTCMKTS:RXEEY) Shares Gap Up – Still a Buy?

Rexel S.A. (OTCMKTS:RXEEY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $42.68, but opened at $44.83. Rexel shares last traded at $44.05, with a volume of 1,689 shares.

Analysts Set New Price Targets

RXEEY has been the subject of a number of recent research reports. Zacks Research raised 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 report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Rexel presently has a consensus rating of “Moderate Buy”.

Rexel Price Performance

The firm has a market capitalization of $13.08 billion and a PE ratio of 54.80. The firm’s fifty day moving average is $42.82 and its two-hundred day moving average is $41.23.

Rexel Company Profile

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.