Bunzl (BNZL) Stock Price Up 1.4%
Shares of Bunzl plc (LON:BNZL) rose 1.4% on Monday . The company traded as high as GBX 2,045 ($27.52) and last traded at GBX 2,045 ($27.52). Approximately 1,357,452 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 1,160,000 shares. The stock had previously closed at GBX 2,016 ($27.13).
A number of research firms have commented on BNZL. Beaufort Securities restated a “hold” rating on shares of Bunzl in a research report on Wednesday, August 30th. Deutsche Bank reduced their price target on shares of Bunzl from GBX 2,590 ($34.86) to GBX 2,540 ($34.19) and set a “buy” rating on the stock in a research report on Thursday, September 28th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 2,505 ($33.71) price target on shares of Bunzl in a research report on Thursday, September 28th. Berenberg Bank began coverage on shares of Bunzl in a research report on Friday, November 17th. They issued a “hold” rating and a GBX 2,250 ($30.28) price target on the stock. Finally, Shore Capital restated a “buy” rating on shares of Bunzl in a research report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Bunzl presently has an average rating of “Hold” and an average price target of GBX 2,334.89 ($31.43).
In other Bunzl news, insider Frank van Zanten purchased 9,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average cost of GBX 2,135 ($28.73) per share, with a total value of £192,150 ($258,613.73). Also, insider Lloyd Pitchford purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were acquired at an average cost of GBX 2,205 ($29.68) per share, with a total value of £66,150 ($89,030.96).
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