Bunzl plc Given Neutral Rating at Credit Suisse (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating reissued by equities research analysts at Credit Suisse in a research note issued to investors on Tuesday. They currently have a GBX 1,530 ($25.39) target price on the stock. Credit Suisse’s price target would indicate a potential downside of 8.00% from the stock’s previous close.
Bunzl plc (LON:BNZL) opened at 1662.0001 on Tuesday. Bunzl plc has a one year low of GBX 1287.00 and a one year high of GBX 1710.292. The stock has a 50-day moving average of GBX 1618. and a 200-day moving average of GBX 1617.. The company’s market cap is £5.421 billion.
The company also recently announced a dividend, which is scheduled for Friday, January 2nd. Shareholders of record on Thursday, November 6th will be paid a dividend of GBX 11 ($0.18) per share. This represents a dividend yield of 0.67%. The ex-dividend date is Thursday, November 6th.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Bunzl plc from GBX 1,420 ($23.56) to GBX 1,470 ($24.39) in a research note on Wednesday, August 27th. They now have an “underperform” rating on the stock. Separately, analysts at Berenberg Bank reiterated a “sell” rating on shares of Bunzl plc in a research note on Wednesday, August 27th. They now have a GBX 1,350 ($22.40) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Bunzl plc from GBX 1,508 ($25.02) to GBX 1,565 ($25.97) in a research note on Tuesday, August 26th. They now have a “hold” rating on the stock. Three equities 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 stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,529.50 ($25.38).
Bunzl plc is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia.
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