Bunzl plc’s (BNZL) “Neutral” Rating Reiterated at BNP Paribas
Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating reiterated by equities research analysts at BNP Paribas in a research report issued to clients and investors on Monday.
BNZL has been the subject of several other reports. HSBC lowered shares of Bunzl plc to a “hold” rating and lifted their price objective for the stock from GBX 2,140 ($26.49) to GBX 2,400 ($29.70) in a research note on Friday, September 9th. Canaccord Genuity lifted their target price on Bunzl plc from GBX 1,930 ($23.89) to GBX 2,200 ($27.23) and gave the stock a “hold” rating in a research report on Monday, July 4th. Jefferies Group lifted their target price on Bunzl plc from GBX 1,900 ($23.51) to GBX 2,230 ($27.60) and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Barclays PLC reiterated an “equal weight” rating and set a GBX 2,450 ($30.32) target price on shares of Bunzl plc in a research report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 2,400 ($29.70) target price on shares of Bunzl plc in a research report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,243.07 ($27.76).
Bunzl plc (LON:BNZL) traded up 0.04% during midday trading on Monday, reaching GBX 2325.00. 542,943 shares of the company were exchanged. Bunzl plc has a 52 week low of GBX 1,722.00 and a 52 week high of GBX 2,587.89. The firm’s market capitalization is GBX 7.67 billion. The company has a 50-day moving average of GBX 2,337.03 and a 200 day moving average of GBX 2,200.91.
The business also recently announced a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, November 17th will be paid a GBX 13 ($0.16) dividend. The ex-dividend date is Thursday, November 17th. This represents a yield of 0.55%.
In other news, insider Paul Budge,Charles sold 17,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of GBX 2,287 ($28.30), for a total transaction of £388,790 ($481,175.74). Also, insider Patrick Larmon sold 18,081 shares of the business’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of GBX 2,342 ($28.99), for a total value of £423,457.02 ($524,080.47).
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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