Rexam PLC Given “Neutral” Rating at Credit Suisse (REX)
Rexam PLC (LON:REX)‘s stock had its “neutral” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Friday. They currently have a GBX 545 ($9.14) target price on the stock. Credit Suisse’s price objective suggests a potential upside of 9.04% from the company’s current price.
A number of other analysts have also recently weighed in on REX. Analysts at Jefferies Group reiterated a “hold” rating on shares of Rexam PLC in a research note on Tuesday. They now have a GBX 550 ($9.23) price target 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 584.24 ($9.80).
Shares of Rexam PLC (LON:REX) opened at 504.00 on Friday. Rexam PLC has a 1-year low of GBX 492.50 and a 1-year high of GBX 603.00. The stock’s 50-day moving average is GBX 521.1 and its 200-day moving average is GBX 549.7. The company’s market cap is £3.900 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 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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