Cantor Fitzgerald Europe Reiterates “Sell” Rating for Bunzl (BNZL)
Bunzl (LON:BNZL)‘s stock had its “sell” rating reiterated by Cantor Fitzgerald Europe in a research note issued on Monday, Stock Ratings Network reports. They currently have a GBX 1,260 ($20.68) price target on the stock. Cantor Fitzgerald Europe’s price objective would indicate a potential downside of 11.58% from the company’s current price.
Bunzl (LON:BNZL) traded up 0.49% on Monday, hitting GBX 1425.00. The stock had a trading volume of 168,109 shares. Bunzl has a one year low of GBX 1090.00 and a one year high of GBX 1459.00. The stock has a 50-day moving average of GBX 1406. and a 200-day moving average of GBX 1375.. The company’s market cap is £4.645 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company 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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