In a report released today, Alex Maroccia from Berenberg Bank reiterated a Buy rating on Trex Company Inc (TREX), with a price target of $90. The company’s shares closed yesterday at $81.03.
According to TipRanks.com, Maroccia is a 4-star analyst with an average return of 16.3% and a 100.0% success rate. Maroccia covers the Services sector, focusing on stocks such as National Vision Holdings Inc, SiteOne Landscape Supply, and Sothebys.
Trex Company Inc has an analyst consensus of Moderate Buy, with a price target consensus of $78.17, implying a -3.5% downside from current levels. In a report issued on July 17, D.A. Davidson also reiterated 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 Inc has an average volume of 922.7K.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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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.
