Bunzl plc (BNZL) Shares Up 0.8%
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).
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/bunzl-plc-bnzl-shares-up-0-8/1608508.html.
Bunzl plc Company Profile
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.