Berendsen’s “Neutral” Rating Reaffirmed at UBS AG (BRSN)
Berendsen (LON:BRSN)‘s stock had its “neutral” rating reiterated by investment analysts at UBS AG in a note issued to investors on Friday, Stock Ratings Network reports. They currently have a GBX 750 ($11.68) price target on the stock. UBS AG’s target price would suggest a potential downside of 14.68% from the stock’s previous close.
Shares of Berendsen (LON:BRSN) traded up 1.03% on Friday, hitting GBX 879.00. The stock had a trading volume of 138,058 shares. Berendsen has a 1-year low of GBX 522.00 and a 1-year high of GBX 903.00. The stock’s 50-day moving average is GBX 832.1 and its 200-day moving average is GBX 765.3.
BRSN has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Berendsen in a research note to investors on Wednesday, July 24th. They now have a GBX 900 ($14.02) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Berendsen in a research note to investors on Wednesday, July 3rd.
One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 762.15 ($11.87).
Berendsen plc, formerly The Davis Service Group Plc, with its subsidiaries is engaged in the laundering and maintenance of textiles.
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