Rexam PLC Receives Consensus Recommendation of “Buy” from Analysts (LON:REX)
Shares of Rexam PLC (LON:REX) have received a consensus rating of “Buy” from the twelve ratings firms that are covering the company, AnalystRatings.NET reports. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 573.22 ($9.76).
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Rexam PLC in a research note on Friday, June 13th. They now have a GBX 540 ($9.19) price target on the stock. Separately, analysts at Robert W. Baird & Co reiterated a “neutral” rating on shares of Rexam PLC in a research note on Thursday, June 12th. They now have a GBX 618.75 ($10.53) price target on the stock. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Rexam PLC in a research note on Tuesday, June 3rd. They now have a GBX 590.62 ($10.05) price target on the stock.
Shares of Rexam PLC (LON:REX) opened at 528.50 on Friday. Rexam PLC has a one year low of GBX 514.50 and a one year high of GBX 603.00. The stock’s 50-day moving average is GBX 555.0 and its 200-day moving average is GBX 561.2. The company’s market cap is £3.693 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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