Shares of Bunzl plc (LON:BNZL) have received an average recommendation of “Hold” from the seventeen research firms that are covering the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,243.07 ($29.28).
Several equities analysts recently weighed in on BNZL shares. Deutsche Bank AG reissued a “buy” rating and issued a GBX 2,520 ($32.89) target price on shares of Bunzl plc in a research note on Wednesday, August 31st. BNP Paribas reissued an “outperform” rating and issued a GBX 2,300 ($30.02) target price on shares of Bunzl plc in a research note on Monday, June 27th. Royal Bank Of Canada raised their target price on shares of Bunzl plc from GBX 1,700 ($22.19) to GBX 1,950 ($25.45) and gave the company an “underperform” rating in a research note on Tuesday, September 6th. HSBC cut shares of Bunzl plc to a “hold” rating and raised their target price for the company from GBX 2,140 ($27.93) to GBX 2,400 ($31.33) in a research note on Friday, September 9th. Finally, Canaccord Genuity raised their target price on shares of Bunzl plc from GBX 1,930 ($25.19) to GBX 2,200 ($28.72) and gave the company a “hold” rating in a research note on Monday, July 4th.
Bunzl plc (LON:BNZL) traded up 2.37% during trading on Monday, reaching GBX 2334.00. 735,034 shares of the company traded hands. The company’s market cap is GBX 7.70 billion. Bunzl plc has a 12 month low of GBX 1,722.00 and a 12 month high of GBX 2,587.89. The company’s 50-day moving average is GBX 2,348.67 and its 200 day moving average is GBX 2,181.48.
The business also recently declared a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 17th will be paid a GBX 13 ($0.17) dividend. This represents a yield of 0.55%. The ex-dividend date of this dividend is Thursday, November 17th.
In related news, insider Paul Budge,Charles sold 17,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of GBX 2,287 ($29.85), for a total value of £388,790 ($507,492.49). Also, insider van Zanten,Frank purchased 899 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average cost of GBX 992 ($12.95) per share, with a total value of £8,918.08 ($11,640.88).
Bunzl plc Company Profile
Bunzl plc is engaged in the distribution and outsourcing service. The Company supplies a range of sourced non-food products to a range of market sectors in approximately 30 countries. The Company’s segments include North America, Continental Europe, the United Kingdom & Ireland, and Rest of the World.
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