Rexel S.A. (OTCMKTS:RXEEY – Get Free Report) saw strong trading volume on Tuesday. Approximately 54,172 shares were traded during mid-day trading, an increase of 229% from the previous session’s volume of 16,442 shares. The stock last traded at $40.15 and had previously closed at $39.92.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley restated an “overweight” rating on shares of Rexel in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on RXEEY
Rexel Trading Down 3.6%
About Rexel
Rexel SE is a France-based distributor of electrical products and related services. The company supplies electrical equipment and solutions to professional customers, including electrical contractors, industrial businesses, commercial and residential construction companies, and maintenance providers.
Its product offering includes electrical installation equipment, wiring and cabling, lighting, automation and control systems, industrial supplies, heating and ventilation products, renewable-energy equipment, and solutions for energy management and building electrification.
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