Rexam PLC Rating Reiterated by Jefferies Group (REX)
Rexam PLC (LON:REX)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group in a report issued on Tuesday. They currently have a GBX 550 ($9.23) price target on the stock. Jefferies Group’s price objective indicates a potential upside of 8.70% from the stock’s previous close.
A number of other analysts have also recently weighed in on REX. 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. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 584.24 ($9.80).
Rexam PLC (LON:REX) opened at 504.00 on Tuesday. Rexam PLC has a 52 week low of GBX 492.50 and a 52 week high of GBX 603.00. The stock has a 50-day moving average of GBX 523.2 and a 200-day moving average of GBX 550.9. The company’s market cap is £3.900 billion.
The company also recently declared a dividend, which is scheduled for Thursday, September 18th. Stockholders of record on Wednesday, August 20th will be given a dividend of GBX 5.80 ($0.10) per share. This represents a yield of 1.16%. The ex-dividend date of this dividend 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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