A report released today by Wedbush about Trex (NYSE:TREX) raises the target price to $55.00
- Updated: October 19, 2016
In a report released on 10/19/2016 Wedbush increased the stock price target of Trex (NYSE:TREX) from $53.00 to $55.00 reporting a possible downside of -0.06%.
Just yesterday Trex (NYSE:TREX) traded -0.74% lower at $58.74. Trex’s 50-day moving average is $59.20 and its 200-day moving average is $51.24. The last closing price is up 14.64% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 82,704 shares of TREX traded hands, down from an average trading volume of 244,777
Recent Performance Chart
Trex has 52 week low of $31.11 and a 52 week high of $64.36 with a PE ratio of 30.63 and has a market capitalization of $0.
In addition to Wedbush reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $49.00 with 3 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Trex (NYSE:TREX)
Trex Company, Inc. is a manufacturer of wood-alternative decking and railing products. The Company markets its products under the brand name Trex. The Company offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories. Its decking products include Trex Transcend, Trex Enhance and Trex Select. The Company's railing products include Trex Transcend Railing, Trex Select Railing and Trex Reveal aluminum railing. It offers Trex Transcend Porch Flooring and Railing System, a porch product, and a fencing product called Trex Seclusions. The Company offers TrexTrim product, which is a cellular polyvinyl chloride residential exterior trim product. It offers a triple-coated steel deck framing system called Trex Elevations. The Company offers outdoor lighting systems, including Trex DeckLighting and Trex Landscape Lighting. It also offers Trex Hideaway, which a hidden fastening system for grooved boards.
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