Rexam PLC Price Target Increased to GBX 615 by Analysts at Citigroup Inc. (REX)
Investment analysts at Citigroup Inc. upped their price target on shares of Rexam PLC (LON:REX) from GBX 578 ($9.91) to GBX 615 ($10.55) in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price points to a potential upside of 14.42% from the stock’s previous close.
REX has been the subject of a number of other recent research reports. 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 ($9.26) price target on the stock. Separately, analysts at Robert W. Baird reiterated a “neutral” rating on shares of Rexam PLC in a research note on Thursday, June 12th. They now have a GBX 618.75 ($10.61) 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 ($10.13) price target on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 575.49 ($9.87).
Shares of Rexam PLC (LON:REX) traded down 1.10% on Tuesday, hitting GBX 537.50. The stock had a trading volume of 910,460 shares. Rexam PLC has a 52 week low of GBX 514.50 and a 52 week high of GBX 603.00. The stock has a 50-day moving average of GBX 548.7 and a 200-day moving average of GBX 560.9. The company’s market cap is £3.756 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.