A number of other equities research analysts also recently commented on the company. Deutsche Bank AG reiterated a buy rating and issued a GBX 2,520 ($31.19) price objective on shares of Bunzl plc in a report on Wednesday, August 31st. HSBC downgraded Bunzl plc to a hold rating and upped their price objective for the company from GBX 2,140 ($26.49) to GBX 2,400 ($29.70) in a report on Friday, September 9th. Royal Bank Of Canada upped their price objective on Bunzl plc from GBX 1,700 ($21.04) to GBX 1,950 ($24.13) and gave the company an underperform rating in a report on Tuesday, September 6th. Barclays PLC upped their price objective on Bunzl plc from GBX 2,000 ($24.75) to GBX 2,450 ($30.32) and gave the company an equal weight rating in a report on Wednesday, August 17th. Finally, Canaccord Genuity upped their price objective on Bunzl plc from GBX 1,930 ($23.89) to GBX 2,200 ($27.23) and gave the company a hold rating in a report on Monday, July 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 2,243.07 ($27.76).
Bunzl plc (LON:BNZL) opened at 2324.00 on Monday. Bunzl plc has a 52-week low of GBX 1,722.00 and a 52-week high of GBX 2,587.89. The company has a 50 day moving average price of GBX 2,334.19 and a 200-day moving average price of GBX 2,204.09. The firm’s market cap is GBX 7.67 billion.
The business also recently declared a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 17th will be given a dividend of GBX 13 ($0.16) per share. The ex-dividend date is Thursday, November 17th. This represents a yield of 0.55%.
In related news, insider Paul Budge,Charles sold 17,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of GBX 2,287 ($28.30), for a total transaction of £388,790 ($481,175.74). Also, insider van Zanten,Frank purchased 899 shares of Bunzl plc stock in a transaction that occurred on Tuesday, September 20th. The shares were bought at an average cost of GBX 992 ($12.28) per share, with a total value of £8,918.08 ($11,037.23).
About Bunzl plc
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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