Rexel's Stock Climbs Nearly 2% Targeting the 40€ Mark
The electrical equipment distributor continues its ascent midday in a slightly positive Parisian market. The crossing of a closely watched technical threshold is accompanied by an upward revision of the target price by an intermediary, even as the construction sector remains weak in Europe.
A Technical Breakthrough at 38.62€ Propels the Stock Among the Top Gainers of the SBF 120
Rexel's stock is up 1.83% at 39.03€ during the session, among the strongest gains in the SBF 120. The stock has broken above its resistance at 38.62€ and remains above it, extending a momentum that has been visible in recent weeks with a gain of 7.17% over a month and 48.8% over a year. The price is now above its three moving averages, with a gap of 3.64% from the MM20 (37.66€) and 14.29% from the MM200 (34.15€), while the RSI at 56 remains in a neutral zone that leaves room before overbought. The next round milestone above is at 40€.
BNP Paribas Exane Raises Its Target to 46€ Despite a Deteriorating Construction Sector
BNP Paribas Exane raised its price target to 46€ on Monday with an outperform rating, representing a potential of nearly 18% compared to the current price. This revision comes in a gloomy sector environment: the construction climate stands at -18.2 in France and -6.0 in the EU as of June 2026, with production down 0.7% year-on-year in France and housing permits down 5.5%. The electrical equipment distributor, exposed to the demand for equipment from the sector, had already benefited from a target upgrade by Jefferies at the end of June, mentioned during a previous session. The stock is now approaching the psychological barrier of 40€, the next immediate milestone.
