Rexam Given Average Rating of “Buy” by Brokerages (LON:REX)
Rexam (LON:REX) has received a consensus recommendation of “Buy” from the eleven ratings firms that are covering the company, AnalystRatings.NET reports. Five analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 561.91 ($9.22).
Rexam (LON:REX) traded up 0.87% during mid-day trading on Friday, hitting GBX 520.00. 465,766 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 has a 50-day moving average of GBX 507.0 and a 200-day moving average of GBX 500.6. The company’s market cap is £4.143 billion.
A number of analysts have recently weighed in on REX shares. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Rexam in a research note on Friday. They now have a GBX 555 ($9.11) price target on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Rexam in a research note on Friday. They now have a GBX 580 ($9.52) price target on the stock. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Rexam in a research note on Tuesday, January 28th. They now have a GBX 540 ($8.86) price target on the stock.
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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