Shares of Bunzl plc (LON:BNZL) shot up 1.2% on Wednesday . The stock traded as high as GBX 2,057 ($28.42) and last traded at GBX 2,031 ($28.06). 859,351 shares traded hands during trading, a decline of 21% from the average session volume of 1,090,000 shares. The stock had previously closed at GBX 2,006 ($27.71).

Several research firms have recently weighed in on BNZL. Shore Capital upgraded shares of Bunzl to a “buy” rating in a research report on Tuesday, November 7th. JPMorgan Chase & Co. raised their price objective on shares of Bunzl from GBX 2,505 ($34.61) to GBX 2,516 ($34.76) and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Berenberg Bank began coverage on shares of Bunzl in a research report on Friday, November 17th. They set a “hold” rating and a GBX 2,250 ($31.09) price objective on the stock. Deutsche Bank restated a “buy” rating and set a GBX 2,540 ($35.09) price objective on shares of Bunzl in a research report on Thursday, November 16th. Finally, Credit Suisse Group upgraded shares of Bunzl to an “outperform” rating and raised their price objective for the company from GBX 2,290 ($31.64) to GBX 2,400 ($33.16) in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,378.82 ($32.87).

The company has a market capitalization of $6,840.00 and a PE ratio of 2,361.63.

In other Bunzl news, insider Frank van Zanten bought 9,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average price of GBX 2,135 ($29.50) per share, for a total transaction of £192,150 ($265,473.89).

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Bunzl Company Profile

Bunzl plc is engaged in the distribution and outsourcing service. It supplies a range of non-food products to a range of market sectors. Its segments include North America, Continental Europe, UK & Ireland, and Rest of the World. It serves six market sectors, including foodservice, which offers non-food consumables, including food packaging and guest amenities, to hotels and restaurants, among others; grocery, which includes foods not for resale, including films and labels, to grocery stores and supermarkets, among others; cleaning and hygiene, which offers materials, including chemicals and hygiene paper, to cleaning and facilities management companies, among others; safety, which offers personal protection equipment, to industrial and construction markets; retail, which includes goods not for resale, such as packaging and other store supplies, and healthcare, which offers disposable healthcare consumables, including gloves and bandages, to hospitals and care homes, among others.

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