Rexel (OTCMKTS:RXEEY) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Rexel S.A. (OTCMKTS:RXEEY) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $36.37 and traded as high as $43.69. Rexel shares last traded at $43.68, with a volume of 13,925 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on RXEEY. Morgan Stanley reaffirmed an “overweight” rating on shares of Rexel in a research report on Monday, December 8th. Citigroup restated a “buy” rating on shares of Rexel in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Rexel Stock Performance

The business’s 50 day simple moving average is $41.27 and its two-hundred day simple moving average is $36.47.

About Rexel

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.