Credit Suisse Reiterates “Neutral” Rating for Rexam PLC (REX)
Rexam PLC (LON:REX)‘s stock had its “neutral” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Tuesday, American Banking & Market News reports. They currently have a GBX 540 ($9.07) price objective on the stock. Credit Suisse’s price target suggests a potential upside of 6.72% from the stock’s previous close.
Rexam PLC (LON:REX) traded up 0.80% during mid-day trading on Tuesday, hitting GBX 506.00. 781,909 shares of the company’s stock traded hands. Rexam PLC has a 52-week low of GBX 433.50 and a 52-week high of GBX 544.00. The stock has a 50-day moving average of GBX 492.8 and a 200-day moving average of GBX 500.4. The company’s market cap is £3.978 billion.
Several other analysts have also recently commented on the stock. Analysts at Galvan Research reiterated a “buy” rating on shares of Rexam PLC in a research note on Wednesday, March 19th. They now have a GBX 530 ($8.90) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rexam PLC in a research note on Friday, February 28th. They now have a GBX 550 ($9.24) price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Rexam PLC from GBX 575 ($9.66) to GBX 590 ($9.91) in a research note on Friday, February 21st. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Rexam PLC presently has a consensus rating of “Buy” and a consensus price target of GBX 563.60 ($9.47).
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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