Berenberg Bank Remains a Buy on Trex Company Inc (TREX)


Berenberg Bank analyst Alex Maroccia maintained a Buy rating on Trex Company Inc (TREX) yesterday and set a price target of $80. The company’s shares closed yesterday at $68.02.

According to TipRanks.com, Maroccia is a 3-star analyst with an average return of 7.8% and a 75.0% 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 $76.50, which is a 12.5% upside 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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Trex Company Inc’s market cap is currently $3.98B and has a P/E ratio of 31.01. The company has a Price to Book ratio of 10.96.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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