Rexam (LON: REX) was downgraded by investment analysts at Jefferies Group to a “hold” rating in a note issued to investors on Friday. They currently have a $8.00 (500 GBX) target price on the stock.

Rexam opened at 463.40 on Friday. Rexam has a 52-week low of GBX 371.10 and a 52-week high of GBX 465.40. The stock’s 50-day moving average is currently GBX 436.. The company’s market cap is £4.031 billion.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.