Rexam Given Buy Rating at Citigroup Inc. (REX)
Rexam (LON:REX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued to investors on Friday, American Banking and Market News reports. They currently have a GBX 575 ($9.23) target price on the stock. Citigroup Inc.’s price target suggests a potential upside of 20.55% from the stock’s previous close.
A number of other analysts have also recently weighed in on REX. Analysts at AlphaValue reiterated an “add” rating on shares of Rexam in a research note to investors on Thursday. They now have a GBX 549 ($8.81) price target on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Rexam currently has an average rating of “Buy” and a consensus price target of GBX 561.50 ($9.01).
Shares of Rexam (LON:REX) opened at 481.50 on Friday. 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 £3.837 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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