Bunzl plc Given “Sell” Rating at Cantor Fitzgerald Europe (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “sell” rating reiterated by equities researchers at Cantor Fitzgerald Europe in a research report issued on Monday, StockRatingsNetwork.com reports. They currently have a GBX 1,260 ($21.12) price objective on the stock. Cantor Fitzgerald Europe’s price objective would indicate a potential downside of 13.28% from the company’s current price.
A number of other analysts have also recently weighed in on BNZL. Analysts at Bank of America upgraded shares of Bunzl plc to a “buy” rating in a research note on Wednesday, February 12th. Separately, analysts at Jefferies Group raised their price target on shares of Bunzl plc from GBX 990 ($16.59) to GBX 1,220 ($20.45) in a research note on Monday, February 3rd. They now have an “underperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Bunzl plc in a research note on Thursday, January 9th. They now have a GBX 1,462 ($24.50) price target on the stock. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Bunzl plc currently has a consensus rating of “Hold” and an average price target of GBX 1,307.92 ($21.92).
Shares of Bunzl plc (LON:BNZL) opened at 1464.00 on Monday. Bunzl plc has a 52-week low of GBX 1182.00 and a 52-week high of GBX 1460.00. The stock has a 50-day moving average of GBX 1418. and a 200-day moving average of GBX 1379.06. The company’s market cap is £4.773 billion.
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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