Bunzl plc (BNZL) Given Neutral Rating at BNP Paribas
BNP Paribas reiterated their neutral rating on shares of Bunzl plc (LON:BNZL) in a research note issued to investors on Monday. BNP Paribas currently has a GBX 2,400 ($29.25) target price on the stock.
A number of other research firms also recently commented on BNZL. Barclays PLC restated an equal weight rating and set a GBX 2,450 ($29.86) price objective on shares of Bunzl plc in a report on Wednesday, August 31st. Deutsche Bank AG restated a buy rating and set a GBX 2,520 ($30.71) price objective on shares of Bunzl plc in a report on Wednesday, August 31st. Jefferies Group upped their price objective on Bunzl plc from GBX 1,900 ($23.16) to GBX 2,230 ($27.18) and gave the stock a hold rating in a report on Wednesday, August 31st. Beaufort Securities restated a buy rating on shares of Bunzl plc in a report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. dropped their price objective on Bunzl plc from GBX 1,942 ($23.67) to GBX 1,916 ($23.35) and set a neutral rating for the company in a report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 2,249.73 ($27.42).
Bunzl plc (LON:BNZL) opened at 2299.72 on Monday. The stock’s market capitalization is GBX 7.59 billion. The company has a 50-day moving average price of GBX 2,324.67 and a 200-day moving average price of GBX 2,210.51. Bunzl plc has a 12-month low of GBX 1,722.00 and a 12-month high of GBX 2,587.89.
The business also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 17th will be paid a dividend of GBX 13 ($0.16) 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 acquired 899 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were acquired at an average price of GBX 992 ($12.09) per share, for a total transaction of £8,918.08 ($10,869.08). Also, insider Patrick Larmon sold 18,081 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of GBX 2,342 ($28.54), for a total transaction of £423,457.02 ($516,096.31).
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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