RBC Capital Remains a Hold on Silgan Holdings (SLGN)

RBC Capital kept a Hold rating on Silgan Holdings (SLGN) on May 28 with a $49 price target as shares closed near $38. The firm’s cautious stance sits alongside a Street consensus that tilts toward a stronger posture with a target around $51.11. Silgan’s March 31 quarter delivered revenue of $1.56 billion and GAAP net income of $63 million, versus $1.47 billion and $67.96 million the prior year. The combination of a hold view and optimistic insider activity, including purchases by directors such as, for example, Robert Hagemann, underpins a mixed yet constructive backdrop as analysts weigh margin recovery and end-market strength.