Bunzl plc Given Underperform Rating at RBC Capital (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “underperform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. They currently have a GBX 1,275 ($21.20) target price on the stock. RBC Capital’s price target indicates a potential downside of 19.56% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Bunzl plc in a research note on Tuesday. Separately, analysts at Cantor Fitzgerald Europe raised their price target on shares of Bunzl plc from GBX 1,260 ($20.95) to GBX 1,350 ($22.45) in a research note on Tuesday. They now have a “sell” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Bunzl plc from GBX 1,220 ($20.29) to GBX 1,230 ($20.46) in a research note on Tuesday. They now have an “underperform” rating on the stock. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,333.68 ($22.18).
Bunzl plc (LON:BNZL) opened at 1563.00 on Tuesday. Bunzl plc has a one year low of GBX 1199.566 and a one year high of GBX 1496.00. The stock has a 50-day moving average of GBX 1427.18 and a 200-day moving average of GBX 1383.. The company’s market cap is £5.095 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, July 1st. Investors of record on Wednesday, May 7th will be given a dividend of GBX 22.40 ($0.37) per share. This represents a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, May 7th.
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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