Robert W. Baird Reaffirms “Neutral” Rating for Rexam PLC (REX)
Rexam PLC (LON:REX)‘s stock had its “neutral” rating restated by stock analysts at Robert W. Baird in a report issued on Thursday. They currently have a GBX 550 ($9.10) price target on the stock. Robert W. Baird’s price target would suggest a potential upside of 9.67% from the company’s current price.
Rexam PLC (LON:REX) traded up 0.70% on Thursday, hitting GBX 505.00. 1,015,922 shares of the company’s stock traded hands. Rexam PLC has a 52 week low of GBX 485.20 and a 52 week high of GBX 603.00. The stock has a 50-day moving average of GBX 510.9 and a 200-day moving average of GBX 545.5. The company’s market cap is £3.908 billion.
The company also recently declared a dividend, which is scheduled for Thursday, September 18th. Investors 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.
REX has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Rexam PLC in a research note on Thursday. Separately, 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. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target 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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