Rexel (OTCMKTS:RXEEY) PT Lowered to €25.00 at JPMorgan Chase & Co.

Rexel (OTCMKTS:RXEEYGet Rating) had its price objective lowered by JPMorgan Chase & Co. from €28.00 ($29.79) to €25.00 ($26.60) in a research report released on Thursday morning, The Fly reports. The firm currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the company. Morgan Stanley dropped their price objective on Rexel from €25.00 ($26.60) to €24.00 ($25.53) and set an overweight rating on the stock in a report on Monday, April 11th. Societe Generale increased their price objective on Rexel from €23.00 ($24.47) to €24.00 ($25.53) in a report on Tuesday, April 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $23.75.

RXEEY opened at $14.69 on Thursday. Rexel has a one year low of $14.69 and a one year high of $24.42. The business’s 50-day simple moving average is $19.72 and its 200-day simple moving average is $20.80.

The company also recently declared a dividend, which was paid on Wednesday, June 22nd. Investors of record on Thursday, June 2nd were paid a dividend of $0.7308 per share. This represents a yield of 3.38%. The ex-dividend date was Wednesday, June 1st. This is an increase 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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