Deutsche Bank Reaffirms “Hold” Rating for Bunzl plc (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,508 ($24.95) target price on the stock. Deutsche Bank’s price objective suggests a potential downside of 7.48% from the stock’s previous close.
BNZL has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Bunzl plc in a research note on Tuesday, August 19th. They now have a GBX 1,610 ($26.64) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Bunzl plc in a research note on Tuesday, August 12th. They now have a GBX 1,365 ($22.59) price target on the stock. Finally, analysts at RBC Capital reiterated an “underperform” rating on shares of Bunzl plc in a research note on Tuesday, July 29th. They now have a GBX 1,420 ($23.50) price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Bunzl plc currently has an average rating of “Hold” and an average target price of GBX 1,500.43 ($24.83).
Shares of Bunzl plc (LON:BNZL) opened at 1640.00 on Tuesday. Bunzl plc has a 52 week low of GBX 1287.00 and a 52 week high of GBX 1710.292. The stock’s 50-day moving average is GBX 1616. and its 200-day moving average is GBX 1608.. The company’s market cap is £5.357 billion.
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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