Berenberg Bank Initiates Coverage on Bunzl plc (BNZL)
Analysts at Berenberg Bank assumed coverage on shares of Bunzl plc (LON:BNZL) in a report issued on Friday. The firm set a “hold” rating and a GBX 2,250 ($29.59) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 4.41% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 2,575 ($33.87) target price on shares of Bunzl plc in a report on Friday, July 21st. Shore Capital reaffirmed a “buy” rating on shares of Bunzl plc in a report on Monday. Beaufort Securities reaffirmed a “hold” rating on shares of Bunzl plc in a report on Wednesday, August 30th. Finally, J P Morgan Chase & Co lifted their target price on Bunzl plc from GBX 2,505 ($32.95) to GBX 2,516 ($33.09) and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Bunzl plc has an average rating of “Hold” and a consensus price target of GBX 2,321.40 ($30.53).
Shares of Bunzl plc (LON BNZL) opened at GBX 2,155 ($28.34) on Friday. Bunzl plc has a twelve month low of GBX 1,963 ($25.82) and a twelve month high of GBX 2,472 ($32.51).
In related news, insider Lloyd Pitchford purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was bought at an average price of GBX 2,205 ($29.00) per share, for a total transaction of £66,150 ($87,005.13). Also, insider Charles Paul Budge sold 16,400 shares of Bunzl plc stock in a transaction dated Monday, October 9th. The stock was sold at an average price of GBX 2,301 ($30.26), for a total value of £377,364 ($496,335.66).
Bunzl plc Company Profile
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