In a report released yesterday, Alex Maroccia from Berenberg Bank maintained a Buy rating on Trex Company (TREX), with a price target of $89. The company’s shares closed yesterday at $69.27.
Maroccia has an average return of 3.5% when recommending Trex Company.
According to TipRanks.com, Maroccia is ranked #2582 out of 5198 analysts.
Currently, the analyst consensus on Trex Company is a Moderate Buy with an average price target of $75.83, implying a 9.5% upside from current levels. In a report released yesterday, D.A. Davidson also maintained a Buy rating on the stock with a $79 price target.
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The company has a one-year high of $90.74 and a one-year low of $50.88. Currently, Trex Company has an average volume of 955K.
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Trex Co., Inc. engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.
