Bunzl (BNZL) Stock Rating Reaffirmed by Shore Capital
Bunzl (LON:BNZL)‘s stock had its “buy” rating restated by stock analysts at Shore Capital in a report issued on Thursday.
Other equities research analysts also recently issued reports about the company. Deutsche Bank reiterated a “buy” rating and issued a GBX 2,540 ($34.45) price target on shares of Bunzl in a report on Thursday, November 16th. Berenberg Bank started coverage on Bunzl in a report on Friday, November 17th. They set a “hold” rating and a GBX 2,250 ($30.51) price objective on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,505 ($33.97) price objective on shares of Bunzl in a report on Thursday, September 28th. Credit Suisse Group upgraded Bunzl to an “outperform” rating and raised their price objective for the stock from GBX 2,290 ($31.06) to GBX 2,400 ($32.55) in a report on Wednesday, January 3rd. Finally, Jefferies Group downgraded Bunzl to an “underperform” rating and set a GBX 2,000 ($27.12) price objective on the stock. in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Bunzl presently has a consensus rating of “Hold” and an average target price of GBX 2,359.70 ($32.00).
Shares of Bunzl (BNZL) traded down GBX 9 ($0.12) during midday trading on Thursday, hitting GBX 2,041 ($27.68). The stock had a trading volume of 1,378,027 shares, compared to its average volume of 894,925. Bunzl has a 12-month low of GBX 1,999.20 ($27.11) and a 12-month high of GBX 2,472 ($33.52). The stock has a market capitalization of $6,860.00 and a P/E ratio of 2,373.26.
In related news, insider Frank van Zanten bought 9,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were acquired at an average price of GBX 2,135 ($28.95) per share, with a total value of £192,150 ($260,577.71).
Bunzl Company Profile
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