Bunzl plc PT Raised to GBX 1,470 (BNZL)
RBC Capital lifted their target price on shares of Bunzl plc (LON:BNZL) from GBX 1,420 ($23.50) to GBX 1,470 ($24.33) in a research note issued on Wednesday. The firm currently has an “underperform” rating on the stock. RBC Capital’s price target suggests a potential downside of 10.31% from the company’s current price.
Bunzl plc (LON:BNZL) opened at 1649.00 on Wednesday. Bunzl plc has a 52-week low of GBX 1287.00 and a 52-week high of GBX 1710.292. The stock has a 50-day moving average of GBX 1616. and a 200-day moving average of GBX 1610.. The company’s market cap is £5.386 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “sell” rating on shares of Bunzl plc in a research note on Wednesday. They now have a GBX 1,350 ($22.34) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Bunzl plc from GBX 1,508 ($24.95) to GBX 1,565 ($25.90) in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, 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. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,529.50 ($25.31).
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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