Bunzl plc (LON:BNZL) had its price target increased by stock analysts at Royal Bank Of Canada from GBX 1,950 ($24.13) to GBX 2,000 ($24.75) in a report issued on Thursday. The firm presently has an “underperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 13.34% from the company’s previous close.

A number of other research firms also recently issued reports on BNZL. BNP Paribas reiterated a “neutral” rating and set a GBX 2,350 ($29.08) price target on shares of Bunzl plc in a research report on Monday, August 15th. Barclays PLC reiterated an “equal weight” rating and set a GBX 2,450 ($30.32) price target on shares of Bunzl plc in a research report on Wednesday, August 31st. Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,520 ($31.19) price target on shares of Bunzl plc in a research report on Wednesday, August 31st. Jefferies Group lifted their price target on shares of Bunzl plc from GBX 1,900 ($23.51) to GBX 2,230 ($27.60) and gave the company a “hold” rating in a research report on Wednesday, August 31st. Finally, Beaufort Securities reiterated a “buy” rating on shares of Bunzl plc in a research report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 2,246.40 ($27.80).

Analyst Recommendations for Bunzl plc (LON:BNZL)

Bunzl plc (LON:BNZL) traded up 0.13% during midday trading on Thursday, reaching GBX 2311.00. The company’s stock had a trading volume of 321,788 shares. The company’s 50-day moving average is GBX 2,334.19 and its 200 day moving average is GBX 2,204.09. 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 7.62 billion.

The business also recently disclosed 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 ($0.16) per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a dividend yield of 0.55%.

In other news, insider Patrick Larmon sold 18,081 shares of the business’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of GBX 2,342 ($28.99), for a total transaction of £423,457.02 ($524,080.47). Also, insider van Zanten,Frank acquired 899 shares of the stock in a transaction dated Tuesday, September 20th. The shares were bought at an average cost of GBX 992 ($12.28) per share, with a total value of £8,918.08 ($11,037.23).

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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