Credit Suisse Reiterates Outperform Rating for Berendsen PLC (BRSN)
Berendsen PLC (LON:BRSN)‘s stock had its “outperform” rating reaffirmed by Credit Suisse in a research note issued on Monday. They currently have a GBX 1,125 ($19.16) price target on the stock. Credit Suisse’s price target suggests a potential upside of 14.74% from the company’s current price.
Shares of Berendsen PLC (LON:BRSN) opened at 970.00 on Monday. Berendsen PLC has a 52-week low of GBX 738.00 and a 52-week high of GBX 1145.00. The stock has a 50-day moving average of GBX 1008. and a 200-day moving average of GBX 997.. The company’s market cap is £1.646 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Berendsen PLC in a research note on Friday. They now have a GBX 1,030 ($17.54) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Berendsen PLC in a research note on Tuesday, April 29th. They now have a GBX 1,085 ($18.48) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe raised their price target on shares of Berendsen PLC from GBX 900 ($15.33) to GBX 1,000 ($17.03) in a research note on Thursday, April 24th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Berendsen PLC currently has a consensus rating of “Hold” and an average target price of GBX 1,020.60 ($17.38).
Berendsen plc with its subsidiaries is engaged in the laundering and maintenance of textiles. The Company provides service solutions to source, clean and maintain the textiles that the customers need to keep their businesses running.
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