Bunzl plc (BNZL) Stock Rating Reaffirmed by J P Morgan Chase & Co
Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating reiterated by analysts at J P Morgan Chase & Co in a research note issued on Monday. They currently have a GBX 2,505 ($32.63) price objective on the stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 10.64% from the stock’s current price.
Several other analysts have also issued reports on BNZL. Deutsche Bank AG restated a “buy” rating and issued a GBX 2,575 ($33.55) target price on shares of Bunzl plc in a research note on Friday, July 21st. Barclays PLC restated an “overweight” rating and issued a GBX 2,600 ($33.87) target price on shares of Bunzl plc in a research note on Thursday, June 29th. HSBC Holdings plc restated a “buy” rating and issued a GBX 2,508 ($32.67) target price on shares of Bunzl plc in a research note on Monday, April 10th. Royal Bank Of Canada boosted their target price on Bunzl plc from GBX 1,900 ($24.75) to GBX 1,950 ($25.40) and gave the company an “underperform” rating in a research note on Wednesday, March 29th. Finally, Shore Capital restated a “hold” rating on shares of Bunzl plc in a research note on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Bunzl plc has a consensus rating of “Hold” and an average price target of GBX 2,322.80 ($30.26).
Bunzl plc (BNZL) opened at 2276.00 on Monday. The firm’s 50-day moving average price is GBX 2,325.77 and its 200 day moving average price is GBX 2,293.71. The company’s market cap is GBX 7.50 billion. Bunzl plc has a 52-week low of GBX 1,963.00 and a 52-week high of GBX 2,587.89.
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In related news, insider Patrick Larmon sold 36,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of GBX 2,401 ($31.28), for a total transaction of £864,360 ($1,126,055.24).
Bunzl plc Company Profile
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