Rexel (OTCMKTS:RXEEY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Rexel S.A. (OTCMKTS:RXEEY) saw strong trading volume on Thursday . Approximately 112,722 shares were traded during trading, an increase of 544% from the previous session’s volume of 17,498 shares.The stock last traded at $43.8695 and had previously closed at $42.68.

Analysts Set New Price Targets

RXEEY has been the topic of several analyst reports. Jefferies Financial Group upgraded Rexel from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Zacks Research upgraded Rexel to a “hold” rating in a research report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Rexel has an average rating of “Moderate Buy”.

Rexel Stock Performance

The firm has a market cap of $13.09 billion and a PE ratio of 54.80. The company’s 50-day simple moving average is $43.00 and its two-hundred day simple moving average is $41.33.

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.