Bunzl plc Receives Underperform Rating from RBC Capital (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “underperform” rating reiterated by stock analysts at RBC Capital in a report issued on Tuesday. They currently have a GBX 1,420 ($24.36) target price on the stock. RBC Capital’s price target points to a potential downside of 13.99% from the company’s current price.
Bunzl plc (LON:BNZL) traded down 0.85% during mid-day trading on Tuesday, hitting GBX 1637.0001. 472,989 shares of the company’s stock traded hands. Bunzl plc has a one year low of GBX 1287.00 and a one year high of GBX 1710.292. The stock’s 50-day moving average is GBX 1654. and its 200-day moving average is GBX 1561.. The company’s market cap is £5.347 billion.
A number of other analysts have also recently weighed in on BNZL. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Bunzl plc in a research note on Monday, June 30th. They now have a GBX 1,530 ($26.24) price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Bunzl plc from GBX 1,000 ($17.15) to GBX 1,240 ($21.27) 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 ($25.87) price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Bunzl plc has a consensus rating of “Hold” and an average target price of GBX 1,480.69 ($25.40).
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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