Bunzl plc (LON:BNZL)’s share price rose 0.8% during mid-day trading on Wednesday . The stock traded as high as GBX 2,306 ($30.59) and last traded at GBX 2,300 ($30.51). Approximately 629,528 shares changed hands during trading, a decline of 24% from the average daily volume of 824,824 shares. The stock had previously closed at GBX 2,281 ($30.26).

BNZL has been the subject of a number of analyst reports. Deutsche Bank AG reduced their price objective on Bunzl plc from GBX 2,590 ($34.35) to GBX 2,540 ($33.69) and set a “buy” rating for the company in a research report on Thursday, September 28th. Beaufort Securities reaffirmed a “hold” rating on shares of Bunzl plc in a research report on Wednesday, August 30th. Shore Capital reiterated a “hold” rating on shares of Bunzl plc in a research note on Tuesday, August 29th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 2,505 ($33.23) target price on shares of Bunzl plc in a research note on Thursday, September 28th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 2,600 ($34.49) price target on shares of Bunzl plc in a report on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Bunzl plc currently has an average rating of “Hold” and an average price target of GBX 2,324.30 ($30.83).

The company’s market capitalization is GBX 7.58 billion. The firm has a 50 day moving average price of GBX 2,277.76 and a 200 day moving average price of GBX 2,329.92.

The firm also recently announced a dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 16th will be issued a dividend of GBX 14 ($0.19) per share. This represents a dividend yield of 0.61%. The ex-dividend date is Thursday, November 16th.

In other Bunzl plc news, insider Lloyd Pitchford purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was acquired at an average cost of GBX 2,205 ($29.25) per share, with a total value of £66,150 ($87,743.73).

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Bunzl plc Company Profile

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