Bunzl Rating Reiterated by Cantor Fitzgerald Europe (BNZL)
Bunzl (LON:BNZL)‘s stock had its “sell” rating reaffirmed by research analysts at Cantor Fitzgerald Europe in a report released on Monday, AnalystRatings.Net reports. They currently have a GBX 1,260 ($20.68) price objective on the stock. Cantor Fitzgerald Europe’s price objective would indicate a potential downside of 11.14% from the company’s current price.
Shares of Bunzl (LON:BNZL) opened at 1421.00 on Monday. Bunzl has a one year low of GBX 1090.00 and a one year 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 £4.632 billion.
A number of other analysts have also recently weighed in on BNZL. 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 equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average 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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