Bunzl plc’s (BNZL) “Neutral” Rating Reaffirmed at BNP Paribas
Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating restated by research analysts at BNP Paribas in a report issued on Monday.
BNZL has been the subject of a number of other research reports. HSBC downgraded Bunzl plc to a “hold” rating and lifted their target price for the stock from GBX 2,140 ($26.49) to GBX 2,400 ($29.70) in a report on Friday, September 9th. Canaccord Genuity boosted their price target on Bunzl plc from GBX 1,930 ($23.89) to GBX 2,200 ($27.23) and gave the company a “hold” rating in a research note on Monday, July 4th. Jefferies Group boosted their price target on Bunzl plc from GBX 1,900 ($23.51) to GBX 2,230 ($27.60) and gave the company a “hold” rating in a research note on Wednesday, August 31st. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 2,450 ($30.32) price target on shares of Bunzl plc in a research note on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 2,400 ($29.70) price target on shares of Bunzl plc in a research note on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,243.07 ($27.76).
Bunzl plc (LON:BNZL) traded up 0.04% during midday trading on Monday, hitting GBX 2325.00. 542,943 shares of the stock traded hands. The firm’s 50 day moving average is GBX 2,337.03 and its 200-day moving average is GBX 2,200.91. The stock’s market capitalization is GBX 7.67 billion. Bunzl plc has a 12-month low of GBX 1,722.00 and a 12-month high of GBX 2,587.89.
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The company also recently announced a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 17th will be given a dividend of GBX 13 ($0.16) per share. This represents a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, November 17th.
In other news, insider Patrick Larmon sold 18,081 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of GBX 2,342 ($28.99), for a total transaction of £423,457.02 ($524,080.47). Also, insider van Zanten,Frank bought 899 shares of the stock in a transaction dated Tuesday, September 20th. The shares were purchased at an average cost of GBX 992 ($12.28) per share, for a total transaction of £8,918.08 ($11,037.23).
Bunzl plc Company Profile
Bunzl plc is engaged in the distribution and outsourcing service. The Company supplies a range of sourced non-food products to a range of market sectors in approximately 30 countries. The Company’s segments include North America, Continental Europe, the United Kingdom & Ireland, and Rest of the World.
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