Royal Bank Of Canada Raises Berendsen PLC (BRSN) Price Target to GBX 1,250
Berendsen PLC (LON:BRSN) had its target price hoisted by analysts at Royal Bank Of Canada from GBX 1,200 ($14.85) to GBX 1,250 ($15.47) in a research note issued to investors on Thursday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 1.88% from the company’s previous close.
Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,408 ($17.43) price objective on shares of Berendsen PLC in a research note on Monday, August 1st. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 1,393 ($17.24) price objective on shares of Berendsen PLC in a research note on Monday, June 27th. HSBC boosted their price objective on shares of Berendsen PLC from GBX 1,230 ($15.22) to GBX 1,450 ($17.95) and gave the stock a “buy” rating in a research note on Monday, August 1st. Peel Hunt reissued an “add” rating and set a GBX 1,246 ($15.42) target price on shares of Berendsen PLC in a research report on Friday, July 29th. Finally, Barclays PLC cut shares of Berendsen PLC to an “equal weight” rating and boosted their target price for the stock from GBX 1,235 ($15.28) to GBX 1,303 ($16.13) in a research report on Wednesday, August 17th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 1,291.20 ($15.98).
Berendsen PLC (LON:BRSN) traded up 0.16% on Thursday, hitting GBX 1276.00. 114,063 shares of the company were exchanged. The firm has a 50 day moving average of GBX 1,253.36 and a 200-day moving average of GBX 1,230.25. Berendsen PLC has a 52-week low of GBX 991.00 and a 52-week high of GBX 1,371.00. The stock’s market cap is GBX 2.18 billion.
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The business also recently declared a dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 8th were issued a GBX 10.50 ($0.13) dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a yield of 0.82%.
About Berendsen PLC
Berendsen plc is a United Kingdom-based company, which is engaged in textile service business. The Company develops and provides textile, hygiene and safety solutions. The Company operates through segments: Workwear, Facility, UK Flat Linen, Flat Linen outside the UK, and Clinical Solutions and Decontamination.
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