Bunzl plc (BNZL) Receives “Neutral” Rating from BNP Paribas
A number of other research analysts have also recently issued reports on BNZL. Deutsche Bank AG reiterated a buy rating and set a GBX 2,520 ($32.89) price objective on shares of Bunzl plc in a report on Wednesday, August 31st. Royal Bank Of Canada lifted their price objective on shares of Bunzl plc from GBX 1,700 ($22.19) to GBX 1,950 ($25.45) and gave the company an underperform rating in a report on Tuesday, September 6th. HSBC cut shares of Bunzl plc to a hold rating and lifted their price objective for the company from GBX 2,140 ($27.93) to GBX 2,400 ($31.33) in a report on Friday, September 9th. Canaccord Genuity lifted their price objective on shares of Bunzl plc from GBX 1,930 ($25.19) to GBX 2,200 ($28.72) and gave the company a hold rating in a report on Monday, July 4th. Finally, Barclays PLC lifted their price objective on shares of Bunzl plc from GBX 2,000 ($26.11) to GBX 2,450 ($31.98) and gave the company an equal weight rating in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 2,243.07 ($29.28).
Shares of Bunzl plc (LON:BNZL) traded up 3.30% during trading on Monday, reaching GBX 2411.00. The company’s stock had a trading volume of 630,042 shares. The company’s market capitalization is GBX 7.95 billion. Bunzl plc has a 12 month low of GBX 1,722.00 and a 12 month high of GBX 2,587.89. The company’s 50-day moving average is GBX 2,346.06 and its 200-day moving average is GBX 2,188.30.
The business also recently declared a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, November 17th will be paid a GBX 13 ($0.17) dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a yield of 0.55%.
In other news, insider Paul Budge,Charles sold 17,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of GBX 2,287 ($29.85), for a total value of £388,790 ($507,492.49). Also, insider van Zanten,Frank acquired 899 shares of the business’s stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average cost of GBX 992 ($12.95) per share, with a total value 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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