Rexam PLC Given Consensus Rating of “Hold” by Analysts (LON:REX)
Rexam PLC (LON:REX) has received an average rating of “Hold” from the twelve analysts that are presently covering the stock, American Banking and Market News reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 584.24 ($9.80).
Rexam PLC (LON:REX) opened at 506.50 on Monday. Rexam PLC has a 52-week low of GBX 498.30 and a 52-week 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 £3.920 billion.
The company also recently announced a dividend, which is scheduled for Thursday, September 18th. Shareholders 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.
A number of analysts have recently weighed in on REX shares. Analysts at Credit Suisse raised their price target on shares of Rexam PLC from GBX 540 ($9.06) to GBX 545 ($9.14) in a research note on Wednesday, August 6th. They now have a “neutral” rating on the stock. Separately, 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 ($10.76) price target on the stock.
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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