Bunzl (LON:BNZL)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Tuesday. They currently have a GBX 2,470 ($34.13) price target on the stock. Credit Suisse Group’s target price would indicate a potential upside of 25.29% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Shore Capital raised Bunzl to a “buy” rating in a research report on Tuesday, November 7th. Berenberg Bank initiated coverage on Bunzl in a research report on Friday, November 17th. They set a “hold” rating and a GBX 2,250 ($31.09) price target on the stock. Deutsche Bank reissued a “buy” rating and set a GBX 2,540 ($35.09) price target on shares of Bunzl in a research report on Thursday, November 16th. JPMorgan Chase & Co. increased their price target on Bunzl from GBX 2,516 ($34.76) to GBX 2,609 ($36.05) and gave the stock a “neutral” rating in a research report on Friday, January 12th. Finally, Goldman Sachs Group reissued a “buy” rating and set a GBX 2,500 ($34.54) price target on shares of Bunzl in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Bunzl currently has a consensus rating of “Hold” and a consensus price target of GBX 2,389.77 ($33.02).
Bunzl (LON BNZL) opened at GBX 1,971.50 ($27.24) on Tuesday. The company has a market capitalization of $6,620.00 and a price-to-earnings ratio of 2,097.34. Bunzl has a 12-month low of GBX 1,930 ($26.66) and a 12-month high of GBX 2,472 ($34.15).
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Bunzl plc is engaged in the distribution and outsourcing service. It supplies a range of non-food products to a range of market sectors. Its segments include North America, Continental Europe, UK & Ireland, and Rest of the World. It serves six market sectors, including foodservice, which offers non-food consumables, including food packaging and guest amenities, to hotels and restaurants, among others; grocery, which includes foods not for resale, including films and labels, to grocery stores and supermarkets, among others; cleaning and hygiene, which offers materials, including chemicals and hygiene paper, to cleaning and facilities management companies, among others; safety, which offers personal protection equipment, to industrial and construction markets; retail, which includes goods not for resale, such as packaging and other store supplies, and healthcare, which offers disposable healthcare consumables, including gloves and bandages, to hospitals and care homes, among others.
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