Bunzl plc (BNZL) Raised to Overweight at Barclays PLC
Bunzl plc (LON:BNZL) was upgraded by stock analysts at Barclays PLC to an “overweight” rating in a research report issued on Tuesday. The brokerage presently has a GBX 2,550 ($31.49) target price on the stock, up from their prior target price of GBX 2,450 ($30.26). Barclays PLC’s price target suggests a potential upside of 9.21% from the company’s previous close.
Several other analysts have also issued reports on BNZL. Shore Capital restated a “hold” rating on shares of Bunzl plc in a research note on Monday, February 27th. BNP Paribas restated a “neutral” rating and issued a GBX 2,150 ($26.55) price objective on shares of Bunzl plc in a research note on Monday, February 13th. Beaufort Securities restated a “hold” rating on shares of Bunzl plc in a research note on Friday, December 16th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,505 ($30.94) price objective on shares of Bunzl plc in a research note on Tuesday, February 28th. Finally, HSBC Holdings plc upped their price objective on Bunzl plc from GBX 2,400 ($29.64) to GBX 2,508 ($30.97) and gave the company a “buy” rating in a research note on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,315.77 ($28.60).
Bunzl plc (LON:BNZL) opened at 2363.00 on Tuesday. The company’s 50 day moving average price is GBX 2,215.81 and its 200 day moving average price is GBX 2,178.99. The company’s market cap is GBX 7.77 billion. Bunzl plc has a 52-week low of GBX 1,949.50 and a 52-week high of GBX 2,587.89.
The company also recently announced a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, May 25th will be given a GBX 29 ($0.36) dividend. This is an increase from Bunzl plc’s previous dividend of $13.00. The ex-dividend date of this dividend is Thursday, May 25th. This represents a dividend yield of 1.29%.
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In other news, insider Patrick Larmon bought 160 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The shares were bought at an average price of GBX 2,250 ($27.79) per share, with a total value of £3,600 ($4,446.09). Also, insider Frank van Zanten sold 4,935 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of GBX 2,309 ($28.52), for a total value of £113,949.15 ($140,730.09).
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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