Rexel: Barclays begins to monitor as a buyer

(CercleFinance.com) - Barclays has begun to monitor Rexel shares with an 'overweight' recommendation and a target price of E28, believing that concerns about the industrial cycle and the construction market have been factored into forecasts for a transitional 2024.


The share is trading at a 2024 P/E of around 10x for a yield of close to 5%.


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