Rexam Rating Reiterated by Jefferies Group (REX)
Rexam (LON:REX)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a report released on Thursday, Analyst Ratings Network.com reports. They currently have a GBX 550 ($9.22) price objective on the stock. Jefferies Group’s price objective indicates a potential upside of 4.86% from the stock’s previous close.
A number of other firms have also recently commented on REX. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Rexam in a research note on Friday, February 14th. They now have a GBX 555 ($9.30) 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, February 14th. They now have a GBX 580 ($9.72) 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 ($9.05) price target on the stock. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 561.91 ($9.42).
Shares of Rexam (LON:REX) opened at 500.10 on Thursday. Rexam has a one year low of GBX 433.50 and a one year high of GBX 550.50. The stock’s 50-day moving average is GBX 507.0 and its 200-day moving average is GBX 500.6. The company’s market cap is £3.985 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.