Rexam Given Hold Rating at Cantor Fitzgerald (REX)
Rexam (LON:REX)‘s stock had its “hold” rating restated by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 530 ($8.42) target price on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 6.96% from the company’s current price.
Shares of Rexam (LON:REX) opened at 494.70 on Thursday. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0..
A number of other firms have also recently commented on REX. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Rexam (LON:REX) in a research note to investors on Friday, September 13th. They now have a GBX 555 ($8.81) price target on the stock. Separately, 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 ($8.73) price target on the stock. Finally, 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 ($8.57) price target on the stock.
Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 551.47 ($8.76).
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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