Rexam PLC Price Target Increased to GBX 545 by Analysts at Credit Suisse (REX)
Analysts at Credit Suisse raised their price objective on shares of Rexam PLC (LON:REX) from GBX 540 ($9.09) to GBX 545 ($9.17) in a research report issued to clients and investors on Wednesday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price indicates a potential upside of 9.11% from the company’s current price.
A number of other firms have also recently commented on REX. Analysts at Barclays reiterated an “overweight” rating on shares of Rexam PLC in a research note on Monday, August 4th. They now have a GBX 641.25 ($10.79) price target on the stock. Separately, analysts at Jefferies Group downgraded shares of Rexam PLC to a “hold” rating in a research note on Friday, July 25th. They now have a GBX 550 ($9.25) price target on the stock. Finally, 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 ($9.59) price target on the stock, up previously from GBX 550 ($9.25). Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 584.24 ($9.83).
Rexam PLC (LON:REX) traded down 0.30% during mid-day trading on Wednesday, hitting GBX 499.50. The stock had a trading volume of 2,119,246 shares. Rexam PLC has a 1-year low of GBX 492.50 and a 1-year high of GBX 603.00. The stock has a 50-day moving average of GBX 523.9 and a 200-day moving average of GBX 551.6. The company’s market cap is £3.866 billion.
The company also recently announced a dividend, which is scheduled for Thursday, September 18th. Stockholders of record on Wednesday, August 20th will be paid a dividend of GBX 5.80 ($0.10) per share. This represents a dividend yield of 1.16%. The ex-dividend date is Wednesday, August 20th.
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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