Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating reaffirmed by research analysts at BNP Paribas in a research note issued to investors on Monday. They currently have a GBX 2,400 ($29.99) price target on the stock. BNP Paribas’ price objective indicates a potential upside of 19.64% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Beaufort Securities reiterated a “buy” rating on shares of Bunzl plc in a research report on Wednesday, August 31st. Jefferies Group increased their price objective on Bunzl plc from GBX 1,900 ($23.74) to GBX 2,230 ($27.86) and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,520 ($31.48) price objective on shares of Bunzl plc in a research report on Wednesday, August 31st. Barclays PLC reiterated an “equal weight” rating and issued a GBX 2,450 ($30.61) price objective on shares of Bunzl plc in a research report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. cut their price objective on Bunzl plc from GBX 1,942 ($24.26) to GBX 1,916 ($23.94) and set a “neutral” rating for the company in a research report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,298.71 ($28.72).

Analyst Recommendations for Bunzl plc (LON:BNZL)

Bunzl plc (LON:BNZL) opened at 2048.00 on Monday. The stock’s market cap is GBX 6.76 billion. The stock’s 50 day moving average price is GBX 2,192.32 and its 200 day moving average price is GBX 2,224.06. Bunzl plc has a 12-month low of GBX 1,722.00 and a 12-month high of GBX 2,587.89.

The firm also recently announced a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 17th will be given a dividend of GBX 13 ($0.16) per share. The ex-dividend date is Thursday, November 17th. This represents a yield of 0.55%.

In related news, insider Patrick Larmon sold 18,081 shares of the stock in a transaction dated Friday, October 7th. The stock was sold at an average price of GBX 2,342 ($29.26), for a total transaction of £423,457.02 ($529,056.75). Also, insider van Zanten,Frank bought 899 shares of Bunzl plc stock in a transaction that occurred on Tuesday, September 20th. The shares were acquired at an average price of GBX 992 ($12.39) per share, for a total transaction of £8,918.08 ($11,142.03).

WARNING: This piece was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another site, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/23/bunzl-plc-bnzl-rating-reiterated-by-bnp-paribas.html.

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.

Receive News & Stock Ratings for Bunzl plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunzl plc and related stocks with our FREE daily email newsletter.