Jefferies Group Reiterates “Hold” Rating for Rexam PLC (REX)
Rexam PLC (LON:REX) traded up 0.90% during mid-day trading on Thursday, hitting GBX 506.00. The stock had a trading volume of 1,760,663 shares. Rexam PLC has a one year low of GBX 485.20 and a one year high of GBX 603.00. The stock’s 50-day moving average is GBX 510.1 and its 200-day moving average is GBX 545.2. The company’s market cap is £3.916 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.
REX has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Rexam PLC in a research note on Friday, August 15th. They now have a GBX 545 ($9.02) price target 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 ($10.61) price target on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 580.79 ($9.61).
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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