Bunzl plc (BNZL) PT Raised to GBX 2,000 at Royal Bank Of Canada
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).
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.
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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.
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