Berendsen PLC Downgraded to “Neutral” at Credit Suisse (BRSN)
Berendsen PLC (LON:BRSN) was downgraded by stock analysts at Credit Suisse to a “neutral” rating in a report issued on Thursday. They currently have a GBX 1,105 ($18.34) price target on the stock, down from their previous price target of GBX 1,125 ($18.67). Credit Suisse’s price objective would indicate a potential upside of 2.79% from the company’s current price.
Shares of Berendsen PLC (LON:BRSN) opened at 1053.00 on Thursday. Berendsen PLC has a 1-year low of GBX 860.4999 and a 1-year high of GBX 1145.00. The stock has a 50-day moving average of GBX 1052. and a 200-day moving average of GBX 1035.31. The company’s market cap is £1.791 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 10th. Shareholders of record on Wednesday, September 10th will be paid a dividend of GBX 9.50 ($0.16) per share. This represents a dividend yield of 0.89%. The ex-dividend date is Wednesday, September 10th.
A number of other analysts have also recently weighed in on BRSN. Analysts at Investec reiterated a “buy” rating on shares of Berendsen PLC in a research note on Monday. They now have a GBX 1,190 ($19.75) price target on the stock, up previously from GBX 958 ($15.90). Separately, analysts at Peel Hunt reiterated a “buy” rating on shares of Berendsen PLC in a research note on Friday, August 29th. They now have a GBX 1,140 ($18.92) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Berendsen PLC in a research note on Friday, August 29th. They now have a GBX 1,105 ($18.34) price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 1,066.33 ($17.70).
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.