Bunzl plc (BNZL) PT Raised to GBX 2,000 at Royal Bank Of Canada
Bunzl plc (LON:BNZL) had its price target raised by Royal Bank Of Canada from GBX 1,950 ($23.77) to GBX 2,000 ($24.38) in a research note issued to investors on Thursday. The brokerage currently has an underperform rating on the stock.
A number of other equities analysts also recently weighed in on BNZL. BNP Paribas reissued an outperform rating and set a GBX 2,275 ($27.73) target price on shares of Bunzl plc in a research note on Monday, June 20th. Goldman Sachs Group Inc. downgraded shares of Bunzl plc to a neutral rating and set a GBX 2,100 ($25.59) price target for the company. in a research note on Monday, June 27th. Barclays PLC reaffirmed an equal weight rating and issued a GBX 2,000 ($24.38) price target on shares of Bunzl plc in a research note on Thursday, June 30th. Credit Suisse Group AG reaffirmed a neutral rating and issued a GBX 2,100 ($25.59) price target (up from GBX 1,780 ($21.69)) on shares of Bunzl plc in a research note on Thursday, June 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Bunzl plc from GBX 2,136 ($26.03) to GBX 2,170 ($26.45) and gave the company a neutral rating in a research note on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 2,249.73 ($27.42).
Shares of Bunzl plc (LON:BNZL) opened at 2302.00 on Thursday. Bunzl plc has a one year low of GBX 1,722.00 and a one year high of GBX 2,587.89. The stock has a 50 day moving average of GBX 2,323.97 and a 200-day moving average of GBX 2,212.44. The company’s market capitalization is GBX 7.59 billion.
The business also recently announced a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, November 17th will be paid a GBX 13 ($0.16) dividend. This represents a yield of 0.55%. The ex-dividend date of this dividend is Thursday, November 17th.
In related news, insider van Zanten,Frank bought 899 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were purchased at an average cost of GBX 992 ($12.09) per share, for a total transaction of £8,918.08 ($10,869.08). Also, insider Patrick Larmon sold 18,081 shares of the business’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of GBX 2,342 ($28.54), for a total transaction of £423,457.02 ($516,096.31).
Bunzl plc Company Profile
Bunzl plc is engaged in the distribution and outsourcing service. The Company supplies a range of sourced non-food products to a range of market sectors in approximately 30 countries. The Company’s segments include North America, Continental Europe, the United Kingdom & Ireland, and Rest of the World.
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