Jefferies raises target to EUR 45.20 for Rexel stock

Published on 10/18/2026 at 12:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies lifted its EUR 44.20 target on October 16, 2026. Rexel stock last closed at EUR 33.43 on Euronext Paris that date.

Targets and operating milestones

Jefferies raised its target from EUR 44.20 to EUR 45.20 on October 16, 2026.
Rexel reported EUR 9,989.00 million in first-half 2026 sales, up 2.20 percent year over year.
Third-quarter revenue is expected on October 22, 2026, while market capitalization was EUR 10.3 billion on October 16, 2026.

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Rexel (ISIN FR0010451203) drew a higher price target from Jefferies, which lifted its view from EUR 44.20 to EUR 45.20 on October 16, 2026, according to Ideal Investisseur. The move came ahead of Rexel's next revenue update and kept analyst attention on the company's acquisition-led expansion.

Why Jefferies lifted the target

The target change followed a busy capital-allocation period. Rexel completed a EUR 500.00 million capital increase on September 29, 2026, according to Ideal Investisseur. The funding supports the planned acquisition of GCG, a United States specialty infrastructure platform.

Quartr describes the GCG agreement as adding USD 1.10 billion in sales, with an enterprise value of USD 1.40 billion. The acquisition is Rexel's fourth of 2026 and is intended to expand exposure to data centers, power and utilities, defense and telecom infrastructure.

Three dated Rexel milestones

On July 27, 2026, Rexel reported first-half sales of EUR 9,989.00 million, up 2.20 percent year over year, while its 2026 objectives were raised. On September 29, 2026, the company completed the EUR 500.00 million capital increase. On October 16, 2026, Jefferies lifted its target from EUR 44.20 to EUR 45.20, according to Ideal Investisseur.

What does the target change mean?

The higher target places execution of the GCG transaction beside operating delivery. Rexel's investor page lists EUR 19.4 billion of fiscal-year 2025 revenue and EUR 1,157.8 million of current adjusted EBITA, while its latest scheduled interim publication was the first-half 2026 report, as shown by Rexel. The combination gives the stock a measurable operating base, but the acquisition also increases the importance of debt and integration execution.

Next company date

Rexel is expected to publish third-quarter revenue on October 22, 2026, according to Ideal Investisseur. That update will provide the next reported test of sales momentum after the first-half growth rate of 2.20 percent.

Stock stays below its yearly high

Rexel last closed at EUR 33.43 on Euronext Paris on October 16, 2026. Its market capitalization was EUR 10.3 billion, with a 52-week range of EUR 28.37 to EUR 39.80 on the same dated market snapshot.