Rexam’s Add Rating Reaffirmed at AlphaValue (REX)
Rexam (LON:REX)‘s stock had its “add” rating restated by AlphaValue in a research note issued on Thursday, Stock Ratings Network reports. They currently have a GBX 549 ($8.81) price target on the stock. AlphaValue’s price target would suggest a potential upside of 15.38% from the company’s current price.
Rexam (LON:REX) traded up 0.25% on Thursday, hitting GBX 477.00. The stock had a trading volume of 1,660,395 shares. Rexam has a 1-year low of GBX 433.50 and a 1-year high of GBX 550.50. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £3.801 billion.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. cut their price target on shares of Rexam from GBX 630 ($10.11) to GBX 620 ($9.95) in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Rexam in a research note to investors on Thursday, September 19th. They now have a GBX 530 ($8.50) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Rexam in a research note to investors on Friday, September 13th. They now have a GBX 555 ($8.90) price target on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Rexam presently has an average rating of “Buy” and an average target price of GBX 561 ($9.00).
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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