Bunzl plc’s (BNZL) “Neutral” Rating Reiterated at BNP Paribas
Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating reiterated by stock analysts at BNP Paribas in a research report issued on Monday.
BNZL has been the topic of several other research reports. HSBC lowered Bunzl plc to a “hold” rating and raised their target price for the stock from GBX 2,140 ($26.49) to GBX 2,400 ($29.70) in a research report on Friday, September 9th. Canaccord Genuity raised their target price on Bunzl plc from GBX 1,930 ($23.89) to GBX 2,200 ($27.23) and gave the stock a “hold” rating in a research report on Monday, July 4th. Jefferies Group raised their target price on Bunzl plc from GBX 1,900 ($23.51) to GBX 2,230 ($27.60) and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Barclays PLC reissued an “equal weight” rating and set a GBX 2,450 ($30.32) target price on shares of Bunzl plc in a research report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 2,400 ($29.70) target price on shares of Bunzl plc in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Bunzl plc currently has a consensus rating of “Hold” and a consensus target price of GBX 2,243.07 ($27.76).
Shares of Bunzl plc (LON:BNZL) traded up 0.04% during midday trading on Monday, hitting GBX 2325.00. The stock had a trading volume of 542,943 shares. The firm has a 50 day moving average price of GBX 2,337.03 and a 200 day moving average price of GBX 2,200.91. The stock’s market cap is GBX 7.67 billion. Bunzl plc has a one year low of GBX 1,722.00 and a one year high of GBX 2,587.89.
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The business also recently announced a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, November 17th will be paid a GBX 13 ($0.16) dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a dividend yield of 0.55%.
In related news, insider Patrick Larmon sold 18,081 shares of Bunzl plc 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 value of £423,457.02 ($524,080.47). Also, insider van Zanten,Frank purchased 899 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was acquired at an average price 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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