A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 2,384 ($31.12) target price on shares of Bunzl plc in a research report on Tuesday, September 13th. Credit Suisse Group AG reiterated a neutral rating and set a GBX 2,175 ($28.39) target price on shares of Bunzl plc in a research report on Friday, September 9th. HSBC cut Bunzl plc to a hold rating and lifted their target price for the stock from GBX 2,140 ($27.93) to GBX 2,400 ($31.33) in a research report on Friday, September 9th. Goldman Sachs Group Inc. reiterated a neutral rating and set a GBX 2,400 ($31.33) target price on shares of Bunzl plc in a research report on Thursday, September 8th. Finally, Royal Bank Of Canada lifted their target price on Bunzl plc from GBX 1,700 ($22.19) to GBX 1,950 ($25.45) and gave the stock an underperform rating in a research report on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 2,243.07 ($29.28).
Bunzl plc (LON:BNZL) opened at 2346.00 on Monday. The stock’s market cap is GBX 7.74 billion. The stock’s 50 day moving average price is GBX 2,340.67 and its 200 day moving average price is GBX 2,193.05. Bunzl plc has a one year low of GBX 1,722.00 and a one year high of GBX 2,587.89.
The firm also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, November 17th will be issued 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 other news, insider Paul Budge,Charles sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of GBX 2,287 ($29.85), for a total transaction of £388,790 ($507,492.49). Also, insider van Zanten,Frank purchased 899 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were purchased at an average cost of GBX 992 ($12.95) per share, for a total transaction 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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