Bunzl Stock Rating Reaffirmed by Credit Suisse (BNZL)
Bunzl (LON:BNZL)‘s stock had its “underperform” rating reiterated by Credit Suisse in a research note issued on Friday, American Banking News reports. They currently have a GBX 1,000 ($15.96) price objective on the stock. Credit Suisse’s target price would indicate a potential downside of 25.04% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Bunzl in a research note to investors on Friday. They now have a GBX 1,426 ($22.77) price target on the stock. Separately, analysts at Investec reiterated an “add” rating on shares of Bunzl in a research note to investors on Thursday. They now have a GBX 1,400 ($22.35) price target on the stock. Finally, analysts at Shore Capital Stockbrokers reiterated a “buy” rating on shares of Bunzl in a research note to investors on Monday. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,244.67 ($19.87).
Bunzl (LON:BNZL) opened at 1348.00 on Friday. Bunzl has a one year low of GBX 994.153 and a one year high of GBX 1423.00. The stock has a 50-day moving average of GBX 1358. and a 200-day moving average of GBX 1318.. The company’s market cap is £4.394 billion.
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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