Bunzl plc (LON:BNZL) had its target price lifted by stock analysts at Royal Bank Of Canada from GBX 1,950 ($24.13) to GBX 2,000 ($24.75) in a research report issued on Thursday. The firm currently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 13.34% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. BNP Paribas restated a “neutral” rating on shares of Bunzl plc in a research note on Monday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,384 ($29.50) target price on shares of Bunzl plc in a research report on Tuesday, September 13th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 2,175 ($26.92) target price on shares of Bunzl plc in a research report on Friday, September 9th. HSBC cut 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. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued 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 assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 2,246.40 ($27.80).

Analyst Recommendations for Bunzl plc (LON:BNZL)

Shares of Bunzl plc (LON:BNZL) traded up 0.26% during trading on Thursday, reaching GBX 2314.00. 331,107 shares of the company were exchanged. The stock’s market capitalization is GBX 7.63 billion. The stock has a 50-day moving average of GBX 2,334.19 and a 200 day moving average of GBX 2,204.09. Bunzl plc has a 52-week low of GBX 1,722.00 and a 52-week high of GBX 2,587.89.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/bunzl-plc-bnzl-pt-raised-to-gbx-2000-at-royal-bank-of-canada.html

The company also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 17th will be given a GBX 13 ($0.16) dividend. The ex-dividend date is Thursday, November 17th. This represents a yield of 0.55%.

In other news, insider van Zanten,Frank acquired 899 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average cost of GBX 992 ($12.28) per share, for a total transaction of £8,918.08 ($11,037.23). Also, insider Patrick Larmon sold 18,081 shares of Bunzl plc stock in a transaction dated 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).

About Bunzl plc

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.

Receive News & Ratings for Bunzl plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunzl plc and related companies with MarketBeat.com's FREE daily email newsletter.