Berenberg Bank Maintains a Buy Rating on Trex Company Inc (TREX)

By Jason Carr

In a report issued on June 6, Alex Maroccia from Berenberg Bank maintained a Buy rating on Trex Company Inc (TREXResearch Report), with a price target of $80. The company’s shares closed on Friday at $69.11.

According to TipRanks.com, Maroccia is a 3-star analyst with an average return of 5.0% and a 50.0% success rate. Maroccia covers the Services sector, focusing on stocks such as National Vision Holdings Inc, SiteOne Landscape Supply, and Sothebys.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trex Company Inc with a $74.43 average price target, representing a 7.7% upside. In a report issued on May 22, 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 $4.05B and has a P/E ratio of 31.51. The company has a Price to Book ratio of 11.14.

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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.