Bunzl plc Given “Neutral” Rating at Credit Suisse (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Credit Suisse in a research note issued to investors on Monday. They currently have a GBX 1,530 ($26.06) price objective on the stock. Credit Suisse’s target price would suggest a potential downside of 6.08% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Bunzl plc from GBX 1,275 ($21.72) to GBX 1,420 ($24.19) in a research note on Friday. They now have an “underperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Bunzl plc from GBX 1,000 ($17.03) to GBX 1,240 ($21.12) in a research note on Wednesday, June 25th. They now have a “sell” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Bunzl plc in a research note on Wednesday, June 25th. They now have a GBX 1,508 ($25.69) price target on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Bunzl plc currently has a consensus rating of “Hold” and a consensus price target of GBX 1,480.69 ($25.22).
Bunzl plc (LON:BNZL) opened at 1618.00 on Monday. Bunzl plc has a 1-year low of GBX 1278.00 and a 1-year high of GBX 1710.292. The stock has a 50-day moving average of GBX 1656. and a 200-day moving average of GBX 1546.. The company’s market cap is £5.285 billion.
Bunzl plc, is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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