Bunzl plc (BNZL) Price Target Raised to GBX 2,516
Bunzl plc (LON:BNZL) had its price objective hoisted by J P Morgan Chase & Co from GBX 2,505 ($33.06) to GBX 2,516 ($33.20) in a research report sent to investors on Wednesday morning. The brokerage currently has a neutral rating on the stock.
Several other research analysts also recently issued reports on BNZL. Deutsche Bank AG lifted their price target on Bunzl plc from GBX 2,535 ($33.45) to GBX 2,575 ($33.98) and gave the stock a buy rating in a research note on Thursday, June 29th. Barclays PLC reaffirmed an overweight rating and set a GBX 2,600 ($34.31) price target on shares of Bunzl plc in a research note on Thursday, June 29th. Shore Capital reaffirmed a hold rating on shares of Bunzl plc in a research note on Tuesday, August 29th. Beaufort Securities reaffirmed a hold rating on shares of Bunzl plc in a research note on Wednesday, August 30th. Finally, Jefferies Group LLC downgraded Bunzl plc to an underperform rating and set a GBX 2,000 ($26.39) price target for the company. in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 2,329.33 ($30.74).
Shares of Bunzl plc (LON:BNZL) opened at 2319.00 on Wednesday. The stock’s market cap is GBX 7.64 billion. Bunzl plc has a 12-month low of GBX 1,963.00 and a 12-month high of GBX 2,472.00. The stock’s 50 day moving average is GBX 2,261.76 and its 200-day moving average is GBX 2,323.47.
The business also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 16th will be given a dividend of GBX 14 ($0.18) per share. This represents a yield of 0.61%. The ex-dividend date is Thursday, November 16th.
In related news, insider Charles Paul Budge sold 16,400 shares of Bunzl plc stock in a transaction dated Monday, October 9th. The stock was sold at an average price of GBX 2,301 ($30.36), for a total transaction of £377,364 ($497,973.08). Also, insider Brian May sold 9,670 shares of Bunzl plc stock in a transaction dated Friday, October 6th. The stock was sold at an average price of GBX 2,303 ($30.39), for a total value of £222,700.10 ($293,877.14).
About Bunzl plc
Receive News & Ratings for Bunzl plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunzl plc and related companies with Analyst Ratings Network's FREE daily email newsletter.