Rexam Given Neutral Rating at Credit Suisse (REX)
Rexam (LON:REX)‘s stock had its “neutral” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Friday, Stock Ratings Network.com reports. They currently have a GBX 555 ($8.68) target price on the stock. Credit Suisse’s price objective suggests a potential upside of 9.90% from the company’s current price.
REX has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Rexam (LON:REX) in a research note to investors on Thursday, August 22nd. They now have a GBX 550 ($8.60) price target on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of Rexam (LON:REX) in a research note to investors on Tuesday, August 6th. They now have a GBX 540 ($8.44) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rexam (LON:REX) in a research note to investors on Monday, August 5th. They now have a GBX 550 ($8.60) price target on the stock.
Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 551.47 ($8.62).
Rexam (LON:REX) opened at 502.03 on Friday. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0..
Rexam PLC is a global consumer packaging company. It is organized in three segments for Beverage Cans based on the geographical locations of Europe and Asia, North America and South America, and into one operating segment for Plastic Packaging.
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