Silgan Holdings Inc. (NYSE:SLGN) traded at a new 52-week high today of $48.61. So far today approximately 64,000 shares have been exchanged, as compared to an average 30-day volume of 512,000 shares.
Silgan Holdings Inc. (NYSE:SLGN) defies analysts with a current price ($48.48) 4.0% above its average consensus price target of $46.51.
Silgan Holdings Inc. share prices have moved between a 52-week high of $48.61 and a 52-week low of $37.10 and are now trading 31% above that low price at $48.48 per share.
Silgan Holdings Inc manufactures about half of the metal food containers in North America. Its major customers include Campbell Soup, Nestle, and Del Monte. Silgan is looking for more merger and acquisition opportunities in the European metal packaging market and in plastic packaging. Silgan’s other business segments include plastic containers for personal and healthcare products and a closures business that manufactures metal and plastic lids and caps.
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