Rexam (LON:REX) Rating Reaffirmed
Rexam (LON:REX) just had their share rating of a ‘”Add”‘ issued by research analysts at AlphaValue, who now has a GBX 630 target price on the 4.09B GBP market cap company or a 8.62% upside potential. This key information was shown in a note on 3 December.
From a total of 5 analysts covering Rexam (LON:REX) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 625 while the lowest target price is GBX 550. The mean of all analyst targets is GBX 591.4 with a 2.15% above today’s (GBX 581) stock price. Rexam was the topic of 13 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Macquarie Research maintained shares on December 1 with “Outperform” rating. Jefferies maintained REX stock in a recent report from November 9 with “Hold” rating.
It is down 1.22% since May 6, 2015 and is uptrending. It has outperformed by 1.51% the S&P500.
Rexam PLC is a global beverage can maker. The company has a market cap of 4.09 billion GBP. The Firm engages in the manufacture of cans, in different shapes and sizes with various finishes, decorations and ends. It has 20.51 P/E ratio. It offers a range of beverage can sizes in the industry: around 27 different shapes and sizes, ranging from standard 33 centiliters cans, through 150 milliliters and slim and sleek versions to one liter cans and aluminum bottles.
According to Zacks Investment Research, “REX American Resources Corporation, formerly known as REX Stores Corporation, is engaged in the production and sale of ethanol and distillers grains. The Company owns interests in corn- or sorghum-based ethanol production facilities in Illinois, Iowa and Texas. The Company also intends to monetize its real estate assets via leases and property sales, as market conditions allow. REX American Resources Corporation is headquartered in Dayton, Ohio.” Get a free copy of the Zacks research report on Rexam PLC (REX).