Bunzl Given “Sell” Rating at Cantor Fitzgerald Europe (BNZL)
Bunzl (LON:BNZL)‘s stock had its “sell” rating restated by equities researchers at Cantor Fitzgerald Europe in a research report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 1,260 ($20.68) target price on the stock. Cantor Fitzgerald Europe’s target price points to a potential downside of 11.14% from the stock’s previous close.
Shares of Bunzl (LON:BNZL) opened at 1422.00 on Monday. Bunzl has a 52 week low of GBX 1090.00 and a 52 week high of GBX 1459.00. The stock’s 50-day moving average is GBX 1404. and its 200-day moving average is GBX 1373.. The company’s market cap is £4.636 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Bunzl in a research note to investors on Thursday, January 9th. They now have a GBX 1,462 ($24.00) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Bunzl in a research note to investors on Tuesday, January 7th. They now have a GBX 1,516 ($24.89) price target on the stock. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of Bunzl in a research note to investors on Tuesday, December 17th. They now have a GBX 1,000 ($16.41) price target on the stock. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Bunzl has a consensus rating of “Hold” and a consensus target price of GBX 1,288.71 ($21.15).
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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