Time will tell what actually happens in the real world, but the plans under consideration for significant commercial building renovations in North America and Europe, as well as reshoring and automation adoption, add potential growth drivers to a story at Rexel (OTCPK:RXEEY) (RXL.PA) that I’d already thought was under-appreciated by market. Add in potential efficiency gains from digitalization and share gains in North America, and there’s still a good bull story to tell here.
Rexel shares have done well since my last update, with the ADRs up about 75% and the local shares up closer to 35%. I still see appreciation potential in the low double-digits on a long-term annualized total return basis, and although Rexel has certainly recovered from the worst of the COVID-19 panic, I don’t believe the shares yet reflect the true potential of the business.
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Rexel Shares Can Power Up Even Further On Green Retrofits And Automation-Driven Demand
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