Bunzl plc’s “Sell” Rating Reaffirmed at Berenberg Bank (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “sell” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Wednesday. They currently have a GBX 1,350 ($22.34) price objective on the stock. Berenberg Bank’s target price would suggest a potential downside of 17.63% from the stock’s previous close.
Bunzl plc (LON:BNZL) opened at 1645.9999 on Wednesday. Bunzl plc has a 1-year low of GBX 1287.00 and a 1-year 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 £5.376 billion.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Three 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 company currently has an average rating of “Hold” and an average price target of GBX 1,525.93 ($25.25).
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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