Berendsen PLC (BRSN) Upgraded by Barclays PLC to “Equal Weight”
Barclays PLC upgraded shares of Berendsen PLC (LON:BRSN) to an equal weight rating in a research report released on Monday, June 26th, Marketbeat reports. The brokerage currently has GBX 1,207 ($15.63) price objective on the stock, up from their previous price objective of GBX 700 ($9.07).
A number of other equities research analysts have also weighed in on BRSN. Royal Bank Of Canada lowered shares of Berendsen PLC to an underperform rating and lowered their price objective for the stock from GBX 950 ($12.31) to GBX 660 ($8.55) in a report on Wednesday, March 29th. Credit Suisse Group lowered shares of Berendsen PLC to an underperform rating and lowered their price objective for the stock from GBX 1,200 ($15.54) to GBX 700 ($9.07) in a report on Wednesday, March 22nd. BNP Paribas reiterated an outperform rating and set a GBX 950 ($12.31) price target on shares of Berendsen PLC in a report on Friday, April 28th. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 1,249 ($16.18) price target on shares of Berendsen PLC in a report on Friday, April 28th. Finally, Morgan Stanley lowered shares of Berendsen PLC to an underweight rating and decreased their price objective for the stock from GBX 950 ($12.31) to GBX 645 ($8.35) in a report on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 1,014.73 ($13.14).
Berendsen PLC (LON:BRSN) opened at 1228.00 on Monday. Berendsen PLC has a 52 week low of GBX 722.00 and a 52 week high of GBX 1,371.00. The company has a 50-day moving average of GBX 1,109.18 and a 200 day moving average of GBX 909.55. The company’s market cap is GBX 2.10 billion.
About Berendsen PLC
Berendsen plc is a focused European textile, hygiene and safety solutions business. The Company operates through Workwear, Facility, Healthcare and Hospitality segments. It provides outsourced workwear services to 80,000 customers across Europe. Its services include workwear design, rental and delivery, repair, stockholding and stock management, including specialized garment dispensing systems.
Receive News & Stock Ratings for Berendsen PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berendsen PLC and related stocks with our FREE daily email newsletter.