Rexam Price Target Lowered to GBX 620 at Bank of America Corp. (REX)
Bank of America Corp. decreased their price objective on shares of Rexam (LON:REX) from GBX 630 ($10.09) to GBX 620 ($9.93) in a research note issued on Thursday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Bank of America Corp.’s price target would suggest a potential upside of 27.44% from the stock’s previous close.
REX has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Rexam (LON:REX) in a research note to investors on Thursday, September 19th. They now have a GBX 530 ($8.49) price target on the stock. Separately, 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 ($8.89) price target on the stock. Finally, 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 ($8.81) price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 558.97 ($8.95).
Shares of Rexam (LON:REX) traded up 0.23% during mid-day trading on Thursday, hitting GBX 486.50. 1,018,895 shares of the company’s stock traded hands. Rexam has a 52-week low of GBX 433.50 and a 52-week high of GBX 550.50. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0.. The company’s market cap is £3.876 billion.
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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