Analysts Set Bunzl plc (BNZL) Price Target at $2,324.30
Bunzl plc (LON:BNZL) has earned a consensus rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 2,324.30 ($30.02).
Several research firms have recently weighed in on BNZL. Barclays PLC reissued an “overweight” rating and issued a GBX 2,600 ($33.58) price objective (up from GBX 2,550 ($32.93)) on shares of Bunzl plc in a research report on Thursday, June 15th. Deutsche Bank AG lifted their price objective on Bunzl plc from GBX 2,535 ($32.74) to GBX 2,575 ($33.26) and gave the stock a “buy” rating in a research report on Thursday, June 29th. Shore Capital reissued a “hold” rating on shares of Bunzl plc in a research report on Tuesday, August 29th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 2,505 ($32.35) price objective on shares of Bunzl plc in a research report on Monday, July 24th. Finally, Jefferies Group LLC lowered Bunzl plc to an “underperform” rating and lowered their price objective for the stock from GBX 2,230 ($28.80) to GBX 1,950 ($25.18) in a research report on Monday, May 22nd.
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Shares of Bunzl plc (LON:BNZL) traded down 0.84% during midday trading on Tuesday, hitting GBX 2235.00. The company had a trading volume of 1,063,325 shares. The stock’s 50-day moving average price is GBX 2,294.68 and its 200-day moving average price is GBX 2,334.99. The stock’s market capitalization is GBX 7.36 billion. Bunzl plc has a one year low of GBX 1,963.00 and a one year high of GBX 2,472.00.
The company also recently announced a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 16th will be paid a GBX 14 ($0.18) dividend. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 0.61%.
About Bunzl plc
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