Share on StockTwits

Investment analysts at Investec upped their price target on shares of Berendsen PLC (LON:BRSN) from GBX 958 ($15.90) to GBX 1,190 ($19.75) in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Investec’s target price would indicate a potential upside of 11.53% from the stock’s previous close.

Shares of Berendsen PLC (LON:BRSN) opened at 1074.00 on Monday. Berendsen PLC has a 52 week low of GBX 859.00 and a 52 week high of GBX 1145.00. The stock has a 50-day moving average of GBX 1045. and a 200-day moving average of GBX 1031.. The company’s market cap is £1.827 billion.

The company also recently declared a dividend, which is scheduled for Friday, October 10th. Shareholders of record on Wednesday, September 10th will be given a dividend of GBX 9.50 ($0.16) per share. This represents a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, September 10th.

A number of other analysts have also recently weighed in on BRSN. Analysts at Peel Hunt reiterated a “buy” rating on shares of Berendsen PLC in a research note on Friday. They now have a GBX 1,140 ($18.92) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Berendsen PLC in a research note on Friday. They now have a GBX 1,105 ($18.34) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Berendsen PLC in a research note on Friday, August 22nd. They now have a GBX 1,130 ($18.75) price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,068 ($17.72).

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.