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.

ILLEGAL ACTIVITY WARNING: This news story was first published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/bunzl-plc-bnzl-price-target-raised-to-gbx-2516/1660990.html.

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

Analyst Recommendations for Bunzl plc (LON:BNZL)

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.