Bunzl plc (BNZL) Receives “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Bunzl plc (LON:BNZL) in a report released on Thursday. The firm currently has a GBX 2,505 ($31.53) target price on the stock.

Several other equities research analysts have also recently weighed in on BNZL. BNP Paribas restated a neutral rating and issued a GBX 2,150 ($27.06) price objective on shares of Bunzl plc in a research report on Monday, February 13th. Shore Capital reiterated a hold rating on shares of Bunzl plc in a research report on Monday, February 27th. HSBC Holdings plc reiterated a buy rating and set a GBX 2,508 ($31.57) price target on shares of Bunzl plc in a research report on Monday, April 10th. Beaufort Securities reiterated a hold rating on shares of Bunzl plc in a research report on Tuesday, February 28th. Finally, Canaccord Genuity upgraded shares of Bunzl plc to a buy rating and lifted their price target for the stock from GBX 2,250 ($28.32) to GBX 2,450 ($30.84) in a research report on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Bunzl plc currently has a consensus rating of Hold and an average target price of GBX 2,318.17 ($29.18).

Bunzl plc (LON:BNZL) traded up 1.13% during midday trading on Thursday, reaching GBX 2336.00. 1,096,009 shares of the company traded hands. The firm’s 50 day moving average price is GBX 2,326.17 and its 200 day moving average price is GBX 2,183.44. The firm’s market capitalization is GBX 7.69 billion. Bunzl plc has a 12 month low of GBX 1,949.50 and a 12 month high of GBX 2,587.89.

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The company also recently disclosed a dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, May 25th will be issued a dividend of GBX 29 ($0.37) per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a yield of 1.29%. This is a boost from Bunzl plc’s previous dividend of $13.00.

In related news, insider Charles Paul Budge sold 15,300 shares of the business’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of GBX 2,375 ($29.89), for a total transaction of £363,375 ($457,363.12). Also, insider Frank van Zanten sold 4,935 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of GBX 2,309 ($29.06), for a total transaction of £113,949.15 ($143,422.47). In the last 90 days, insiders have sold 35,451 shares of company stock valued at $83,261,775.

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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