Rexam PLC Rating Reiterated by Credit Suisse (REX)
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group downgraded shares of Rexam PLC to a “hold” rating in a research note on Friday. They now have a GBX 550 ($9.34) price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Rexam PLC to a “hold” rating in a research note on Thursday, July 17th. They now have a GBX 570 ($9.68) price target on the stock, up previously from GBX 550 ($9.34). Finally, analysts at Robert W. Baird reiterated a “neutral” rating on shares of Rexam PLC in a research note on Wednesday, July 9th. They now have a GBX 618.75 ($10.51) price target on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 581.04 ($9.87).
Shares of Rexam PLC (LON:REX) traded up 0.48% during mid-day trading on Tuesday, hitting GBX 518.00. The stock had a trading volume of 1,025,169 shares. Rexam PLC has a 1-year low of GBX 512.00 and a 1-year high of GBX 603.00. The stock has a 50-day moving average of GBX 528.8 and a 200-day moving average of GBX 555.0. The company’s market cap is £3.620 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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