Bunzl (BNZL) Raised to Outperform at Credit Suisse Group

Credit Suisse Group upgraded shares of Bunzl (LON:BNZL) to an outperform rating in a report released on Wednesday morning. The brokerage currently has GBX 2,400 ($32.09) price target on the stock, up from their previous price target of GBX 2,290 ($30.62).

Other analysts also recently issued research reports about the stock. Deutsche Bank reissued a buy rating and set a GBX 2,540 ($33.96) target price on shares of Bunzl in a research report on Thursday, November 16th. Shore Capital reissued a buy rating on shares of Bunzl in a research report on Monday, November 13th. Berenberg Bank initiated coverage on shares of Bunzl in a research report on Friday, November 17th. They set a hold rating and a GBX 2,250 ($30.08) target price for the company. JPMorgan Chase & Co. increased their target price on shares of Bunzl from GBX 2,505 ($33.49) to GBX 2,516 ($33.64) and gave the stock a neutral rating in a research report on Wednesday, October 25th. Finally, Jefferies Group downgraded shares of Bunzl to an underperform rating and set a GBX 2,000 ($26.74) target price for the company. in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 2,341.40 ($31.31).

Shares of Bunzl (BNZL) opened at GBX 2,063 ($27.58) on Wednesday. The stock has a market cap of $6,930.00 and a P/E ratio of 2,398.84. Bunzl has a 1 year low of GBX 2,009 ($26.86) and a 1 year high of GBX 2,472 ($33.05).

In other Bunzl news, insider Charles Paul Budge sold 16,400 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of GBX 2,301 ($30.77), for a total value of £377,364 ($504,564.78). Also, insider Frank van Zanten purchased 9,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was bought at an average price of GBX 2,135 ($28.55) per share, with a total value of £192,150 ($256,919.37).

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Bunzl Company Profile

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