Bunzl plc (LON:BNZL) Receives Consensus Rating of “Hold” from Brokerages
Bunzl plc (LON:BNZL) has been given an average rating of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,268.89 ($29.64).
BNZL has been the subject of a number of research analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,650 ($34.62) price objective on shares of Bunzl in a research note on Thursday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Bunzl from GBX 2,971 ($38.82) to GBX 2,850 ($37.24) and set a “buy” rating for the company in a research report on Wednesday, March 3rd. Shore Capital reiterated a “buy” rating on shares of Bunzl in a report on Wednesday, April 21st. Finally, Barclays reissued an “equal weight” rating and set a GBX 2,350 ($30.70) price objective on shares of Bunzl in a research note on Tuesday, March 2nd.
In other Bunzl news, insider Richard Howes sold 19,383 shares of the firm’s stock in a transaction dated Tuesday, April 13th. The stock was sold at an average price of GBX 2,456 ($32.09), for a total value of £476,046.48 ($621,957.77). Also, insider Frank van Zanten sold 9,520 shares of the business’s stock in a transaction dated Friday, April 9th. The stock was sold at an average price of GBX 2,384 ($31.15), for a total value of £226,956.80 ($296,520.51). Insiders sold 40,575 shares of company stock valued at $96,317,216 in the last three months.
The firm also recently disclosed a dividend, which will be paid on Thursday, July 1st. Shareholders of record on Thursday, May 20th will be paid a dividend of GBX 38.30 ($0.50) per share. This is an increase from Bunzl’s previous dividend of $15.80. This represents a yield of 1.74%. The ex-dividend date is Thursday, May 20th. Bunzl’s payout ratio is currently 0.40%.
Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, counter-service packaging, foodservice disposables, take-out food packaging, first aid products, point of purchase displays, stationery, bags, and cleaning and hygiene supplies to grocery stores, supermarkets, retail chains, convenience stores, food wholesalers, ethnic grocers, and organic food outlets.
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