Bunzl’s Buy Rating Reaffirmed at Shore Capital Stockbrokers (BNZL)
Bunzl (LON:BNZL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital Stockbrokers in a research note issued to investors on Monday, StockRatingsNetwork reports.
Bunzl (LON:BNZL) traded down 0.37% during mid-day trading on Monday, hitting GBX 1329.00. The stock had a trading volume of 402,412 shares. Bunzl has a 52 week low of GBX 994.153 and a 52 week high of GBX 1423.00. The stock’s 50-day moving average is GBX 1358. and its 200-day moving average is GBX 1318.. The company’s market cap is £4.333 billion.
BNZL has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of Bunzl from an “overweight” rating to a “neutral” rating in a research note to investors on Monday. They now have a GBX 1,520 ($24.27) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Bunzl from a “sell” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a GBX 1,470 ($23.47) price target on the stock, up previously from GBX 1,216 ($19.41). Finally, analysts at Deutsche Bank raised their price target on shares of Bunzl from GBX 1,160 ($18.52) to GBX 1,426 ($22.77) in a research note to investors on Tuesday, September 17th. They now have a “hold” rating on the stock. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Bunzl currently has a consensus rating of “Hold” and a consensus price target of GBX 1,244.67 ($19.87).
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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