Bunzl plc Receives Underperform Rating from Credit Suisse (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “underperform” rating restated by research analysts at Credit Suisse in a report released on Friday, AnalystRatings.Net reports. They currently have a GBX 1,000 ($16.76) price objective on the stock. Credit Suisse’s price objective would suggest a potential downside of 32.57% from the company’s current price.
A number of other analysts have also recently weighed in on BNZL. Analysts at Cantor Fitzgerald Europe reiterated a “sell” rating on shares of Bunzl plc in a research note on Monday. They now have a GBX 1,260 ($21.12) price target on the stock. Separately, analysts at Bank of America upgraded shares of Bunzl plc to a “buy” rating in a research note on Wednesday, February 12th. Finally, 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. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,307.92 ($21.92).
Bunzl plc (LON:BNZL) traded down 0.40% on Friday, hitting GBX 1483.00. 1,056,402 shares of the company’s stock traded hands. Bunzl plc has a 52-week low of GBX 1199.566 and a 52-week high of GBX 1496.61. The stock has a 50-day moving average of GBX 1423. and a 200-day moving average of GBX 1382.. The company’s market cap is £4.835 billion.
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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