Report

Rexel : Update of our recommendations following the new issue

Publication date 08/04/2019 10:47 - Writing date 08/04/2019 07:38 - Equity data - Reco : Neutral - Target : 11.50 EUR - Equity Analyst: Alfred Glaser - - +33 (0)1 44 51 88 93 - ESG Analyst: Valentin Pernet - Corporate Governance: Strong opportunity (1) - / - / - - - - - - - - - - - - - - - - - - - - Following the issuance of Rexel's recent 2026 bond issue, the early redemption of Rexel 2023 and the start of the second phase of the strategic plan, we are lowering our ...
Underlying
Rexel SA

Rexel distributes low and ultra-low voltage electrical products to contractors, industrial and commercial customers (industrial and commercial companies, municipalities, public entities, parts manufacturers and panel builders). Its products are used for new installations, or maintenance & repair of existing installations. Its products covers Electrical Installation Equipment, Conduits and Cables, Lighting, Security & Communication, Climate Control, Tools, White & Brown Products. Co. also offers services to its customers, such as logistics & distribution, technical assistance & training. Co. operates mainly in four geographical areas: Europe, North America, Asia-Pacific and Latin America.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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