Rexel (OTCMKTS:RXEEY – Get Rating) had its price target decreased by JPMorgan Chase & Co. from €28.00 ($29.79) to €25.00 ($26.60) in a research report sent to investors on Thursday, The Fly reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Other equities analysts have also recently issued reports about the company. Morgan Stanley lowered their target price on Rexel from €25.00 ($26.60) to €24.00 ($25.53) and set an overweight rating for the company in a report on Monday, April 11th. Societe Generale lifted their price objective on Rexel from €23.00 ($24.47) to €24.00 ($25.53) in a research note on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Rexel currently has a consensus rating of Moderate Buy and a consensus price target of $23.75.
Shares of Rexel stock opened at $15.81 on Thursday. The business has a 50-day moving average of $19.87 and a 200 day moving average of $20.82. Rexel has a 12 month low of $15.57 and a 12 month high of $24.42.
The business also recently disclosed a dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Thursday, June 2nd were paid a $0.7308 dividend. This represents a dividend yield of 3.38%. The ex-dividend date was Wednesday, June 1st. This is a boost from Rexel’s previous dividend of $0.55.
About Rexel (Get Rating)
Rexel SA, together with its subsidiaries, distributes electrical products and services for the residential, commercial, and industrial energy markets worldwide. 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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Source: defenseworld.net
