Rexam PLC Receives Average Recommendation of “Hold” from Brokerages (LON:REX)
Rexam PLC (LON:REX) has been given an average recommendation of “Hold” by the twelve analysts that are covering the company, AmericanBankingNews.com reports. Seven equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 584.24 ($9.80).
Several analysts have recently commented on the stock. 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 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. Finally, 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.
Shares of Rexam PLC (LON:REX) opened at 503.70 on Monday. 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 521.1 and a 200-day moving average of GBX 549.7. The company’s market cap is £3.898 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.
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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