Analysts Set Bunzl plc (LON:BNZL) Price Target at $2,243.07
Shares of Bunzl plc (LON:BNZL) have been assigned an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 2,243.07 ($29.28).
A number of equities research analysts have recently issued reports on BNZL shares. BNP Paribas reaffirmed a “neutral” rating and set a GBX 2,350 ($30.67) target price on shares of Bunzl plc in a research report on Monday, August 8th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 2,100 ($27.41) target price (up from GBX 1,780 ($23.23)) on shares of Bunzl plc in a research report on Thursday, June 30th. Royal Bank Of Canada boosted their target price on Bunzl plc from GBX 1,700 ($22.19) to GBX 1,950 ($25.45) and gave the stock an “underperform” rating in a research report on Tuesday, September 6th. Barclays PLC cut their target price on Bunzl plc from GBX 1,900 ($24.80) to GBX 1,850 ($24.15) and set an “equal weight” rating on the stock in a research report on Thursday, August 25th. Finally, JPMorgan Chase & Co. boosted their target price on Bunzl plc from GBX 2,136 ($27.88) to GBX 2,170 ($28.33) and gave the stock a “neutral” rating in a research report on Thursday, June 30th.
Shares of Bunzl plc (LON:BNZL) opened at 2338.00 on Monday. Bunzl plc has a one year low of GBX 1,722.00 and a one year high of GBX 2,587.89. The company’s 50 day moving average price is GBX 2,342.47 and its 200 day moving average price is GBX 2,191.96. The firm’s market capitalization is GBX 7.71 billion.
The business also recently declared a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 17th will be paid a dividend of GBX 13 ($0.17) per share. The ex-dividend date is Thursday, November 17th. This represents a dividend yield of 0.55%.
In related news, insider van Zanten,Frank purchased 899 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was bought at an average price of GBX 992 ($12.95) per share, for a total transaction of £8,918.08 ($11,640.88). Also, insider Paul Budge,Charles sold 17,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of GBX 2,287 ($29.85), for a total value of £388,790 ($507,492.49).
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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