Rexam (LON:REX): Robert Baird Sticks With Neutral Rating Today, Has a Target of GBX 625/Share


Rexam (LON:REX) Rating Reaffirmed

Rexam (LON:REX) just had their share rating of a ‘Neutral’ issued by research analysts at Robert Baird, who now has a GBX 625 target PPS on the 4.16B GBP market cap company or a 5.40% upside potential. This key information was released in a note on Wednesday, 16 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 1.43% above today’s (GBX 594) stock price. Rexam was the topic of 14 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. AlphaValue maintained shares on December 3 with “Add” rating. Robert W. Baird maintained REX stock in a recent report from November 13 with “Neutral” rating.

Approximately 318,289 shares of stock traded hands. Rexam PLC (LON:REX) has risen 4.20% since May 19, 2015 and is uptrending. It has outperformed by 6.83% the S&P500.

Rexam (LON:REX): Robert Baird Sticks With Neutral Rating Today, Has a Target of GBX 625/Share

The overall sentiment of institutions has decreased to 0.99 in Q2 2015. Its down 0.04, from 1.03 in 2015Q2. The ratio worsened, as 26 institutions have sold all the shares of Rexam PLC that they owned while 42 funds have taken shares off the table. 18 funds have purchased shares for the first time while 49 added to their positions. These institutions now hold 6.68 million shares or 7.25% less than the 7.21 million shares they owned in 2015Q2.

The Fund Rotella Capital Management Inc. currently is holding shares equating to 0.48% of its total portfolio in Rexam PLC representing a total of 29,578 shares. Another fund,Clark Estates Inc Ny, is holding a total of 37,000 shares equating to 0.32% of their holdings. Additionally, Lucus Advisors Llc has a 9,060 share stake in Rexam PLC which represents 0.26% of their total portfolio. The Fund, Oxford Asset Management, based out of United Kingdom, has also built up a stake in the stock, which represents a total of 0.2% of their total portfolio. Finally Secor Capital Advisors Lp, a fund which is based in the state of New York reported a total holdings of 12,311 shares.

Rexam PLC is a global beverage can maker. The company has a market cap of 4.16 billion GBP. The Firm engages in the manufacture of cans, in different shapes and sizes with various finishes, decorations and ends. It has 20.97 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.”