Bunzl (BNZL) Rating Reiterated by Shore Capital
Bunzl (LON:BNZL)‘s stock had its “buy” rating restated by stock analysts at Shore Capital in a note issued to investors on Thursday.
Other research analysts have also issued research reports about the company. Deutsche Bank increased their price objective on Bunzl from GBX 2,575 ($34.66) to GBX 2,590 ($34.86) and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Beaufort Securities reaffirmed a “hold” rating on shares of Bunzl in a research report on Wednesday, August 30th. J P Morgan Chase & Co increased their price target on Bunzl from GBX 2,505 ($33.71) to GBX 2,516 ($33.86) and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Jefferies Group downgraded Bunzl to an “underperform” rating and set a GBX 2,000 ($26.92) price target for the company. in a research report on Thursday, September 28th. Finally, Berenberg Bank started coverage on Bunzl in a report on Friday, November 17th. They set a “hold” rating and a GBX 2,250 ($30.28) price objective for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Bunzl currently has an average rating of “Hold” and an average price target of GBX 2,321.40 ($31.24).
Bunzl (LON BNZL) opened at GBX 2,043 ($27.50) on Thursday. Bunzl has a fifty-two week low of GBX 2,003 ($26.96) and a fifty-two week high of GBX 2,472 ($33.27).
In other Bunzl news, insider Charles Paul Budge sold 16,400 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of GBX 2,301 ($30.97), for a total transaction of £377,364 ($507,892.33). Also, insider Brian May sold 9,670 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of GBX 2,303 ($31.00), for a total transaction of £222,700.10 ($299,730.96).
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