Bunzl plc (BNZL) Stock Rating Reaffirmed by BNP Paribas
Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating reissued by investment analysts at BNP Paribas in a research note issued to investors on Monday. They currently have a GBX 2,400 ($29.25) price target on the stock. BNP Paribas’ target price would suggest a potential upside of 4.94% from the stock’s current price.
Several other equities research analysts also recently commented on BNZL. Goldman Sachs Group Inc. downgraded shares of Bunzl plc to a “neutral” rating and set a GBX 2,100 ($25.59) price target for the company. in a research report on Monday, June 27th. Barclays PLC restated an “equal weight” rating and issued a GBX 2,000 ($24.38) price target on shares of Bunzl plc in a research report on Thursday, June 30th. Credit Suisse Group AG restated a “neutral” rating and issued a GBX 2,100 ($25.59) price target (up previously from GBX 1,780 ($21.69)) on shares of Bunzl plc in a research report on Thursday, June 30th. JPMorgan Chase & Co. upped their price target on shares of Bunzl plc from GBX 2,136 ($26.03) to GBX 2,170 ($26.45) and gave the company a “neutral” rating in a research report on Thursday, June 30th. Finally, Deutsche Bank AG restated a “buy” rating and issued a GBX 2,100 ($25.59) price target on shares of Bunzl plc in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,249.73 ($27.42).
Bunzl plc (LON:BNZL) traded down 1.38% during trading on Monday, hitting GBX 2287.00. 574,710 shares of the company traded hands. The firm has a 50 day moving average of GBX 2,324.67 and a 200 day moving average of GBX 2,210.51. Bunzl plc has a one year low of GBX 1,722.00 and a one year high of GBX 2,587.89. The firm’s market cap is GBX 7.54 billion.
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The company also recently announced a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 17th will be paid a GBX 13 ($0.16) dividend. The ex-dividend date is Thursday, November 17th. This represents a yield of 0.55%.
In related news, insider Patrick Larmon sold 18,081 shares of the firm’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of GBX 2,342 ($28.54), for a total value of £423,457.02 ($516,096.31). Also, insider van Zanten,Frank bought 899 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average price of GBX 992 ($12.09) per share, for a total transaction of £8,918.08 ($10,869.08).
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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