Silgan Holdings Inc. (NASDAQ:SLGN) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 27, 2016
Zacks Investment Research has downgraded Silgan Holdings Inc. (NASDAQ:SLGN) to Sell in a statement released on Tuesday September 27, 2016.
Having a price of $50.19, Silgan Holdings Inc. (NASDAQ:SLGN) traded 0.93% higher on the day. With the last stock price down -1.68% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. SLGN has recorded a 50-day average of $48.80 and a two hundred day average of $50.85. Trade Volume was down over the average, with 73,296 shares of SLGN changing hands under the typical 235,223
Recent Performance Chart
Silgan Holdings Inc. has PE ratio of 19.43 with a one year low of $47.00 and a one year high of $56.06 and has a market capitalization of $0.
A total of 9 brokerages have released a report on Silgan Holdings Inc.. Two brokerages rating the company a strong buy, one brokerage rating the company a buy, seven brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $53.44.
General Company Details For Silgan Holdings Inc. (NASDAQ:SLGN)
Silgan Holdings Inc. (Silgan) is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. The Company operates through three segments: metal container, closures and plastic container. The Company's products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products. Its metal container business is engaged in the manufacture and sale of steel and aluminum containers that are used primarily by processors and packagers for food products, such as soup, vegetables, fruit, meat, tomato-based products, seafood, coffee, adult nutritional drinks, pet food and other miscellaneous food products, as well as general line metal containers primarily for chemicals.
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