Brokerages Set Bunzl plc (BNZL) Target Price at $2,308.08
Bunzl plc (LON:BNZL) has been given an average rating of “Hold” by the fifteen analysts that are covering the company. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 2,308.08 ($28.51).
Several analysts recently issued reports on BNZL shares. Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,450 ($30.26) target price on shares of Bunzl plc in a report on Thursday, January 12th. BNP Paribas reiterated a “neutral” rating and set a GBX 2,150 ($26.55) target price on shares of Bunzl plc in a report on Monday, January 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,505 ($30.94) target price on shares of Bunzl plc in a report on Thursday, November 24th. Shore Capital reiterated a “hold” rating on shares of Bunzl plc in a report on Tuesday, January 10th. Finally, Canaccord Genuity upgraded Bunzl plc to a “buy” rating and upped their target price for the stock from GBX 2,250 ($27.79) to GBX 2,450 ($30.26) in a report on Tuesday, February 28th.
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In other news, insider Frank van Zanten sold 4,935 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of GBX 2,309 ($28.52), for a total transaction of £113,949.15 ($140,730.09). Also, insider Patrick Larmon bought 160 shares of the stock in a transaction dated Tuesday, January 31st. The shares were purchased at an average price of GBX 2,250 ($27.79) per share, for a total transaction of £3,600 ($4,446.09).
Bunzl plc (LON:BNZL) opened at 2335.00 on Thursday. Bunzl plc has a 1-year low of GBX 1,949.50 and a 1-year high of GBX 2,587.89. The company’s 50 day moving average is GBX 2,215.81 and its 200 day moving average is GBX 2,178.99. The company’s market cap is GBX 7.68 billion.
The firm also recently disclosed a dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, May 25th will be paid a GBX 29 ($0.36) dividend. This is a positive change from Bunzl plc’s previous dividend of $13.00. The ex-dividend date is Thursday, May 25th. This represents a yield of 1.29%.
About Bunzl plc
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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