Bunzl plc Price Target Raised to GBX 1,240 at Canaccord Genuity (BNZL)
Equities researchers at Canaccord Genuity lifted their price objective on shares of Bunzl plc (LON:BNZL) from GBX 1,000 ($17.02) to GBX 1,240 ($21.10) in a research report issued on Wednesday. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s target price indicates a potential downside of 23.93% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Bunzl plc in a research note on Wednesday. They now have a GBX 1,508 ($25.66) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Bunzl plc from GBX 1,520 ($25.87) to GBX 1,617 ($27.52) in a research note on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group upgraded shares of Bunzl plc to a “hold” rating in a research note on Thursday, May 1st. They now have a GBX 1,600 ($27.23) price target on the stock, up previously from GBX 1,230 ($20.93). Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Bunzl plc presently has a consensus rating of “Hold” and a consensus target price of GBX 1,469.54 ($25.01).
Shares of Bunzl plc (LON:BNZL) opened at 1593.00 on Wednesday. Bunzl plc has a 1-year low of GBX 1237.00 and a 1-year high of GBX 1710.292. The stock has a 50-day moving average of GBX 1660. and a 200-day moving average of GBX 1544.. The company’s market cap is £5.203 billion.
Bunzl plc, is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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