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BMO Capital Remains a Hold on Trex Company (TREX)

BMO Capital analyst Ketan Mamtora maintained a Hold rating on Trex Company (TREXResearch Report) today and set a price target of $102.00. The company’s shares closed last Wednesday at $82.55, close to its 52-week low of $78.20.

According to TipRanks.com, Mamtora is a 4-star analyst with an average return of 19.6% and a 61.0% success rate. Mamtora covers the Industrial Goods sector, focusing on stocks such as Beacon Roofing Supply, Builders Firstsource, and Fortune Brands.

Trex Company has an analyst consensus of Moderate Buy, with a price target consensus of $117.83, a 42.4% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Hold rating on the stock with a $95.00 price target.

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The company has a one-year high of $140.98 and a one-year low of $78.20. Currently, Trex Company has an average volume of 1.03M.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TREX in relation to earlier this year.

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. The company was founded by Andrew U. Ferrari and Roger A. Wittenberg on September 4, 1998 and is headquartered in Winchester, VA.

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