BNP Paribas Reiterates “Neutral” Rating for Bunzl plc (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating reaffirmed by research analysts at BNP Paribas in a report released on Monday. They presently have a GBX 2,200 ($27.17) price objective on the stock. BNP Paribas’ target price would suggest a potential downside of 5.78% from the company’s previous close.
Several other analysts also recently weighed in on BNZL. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,505 ($30.94) target price on shares of Bunzl plc in a report on Thursday, November 24th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and issued a GBX 2,200 ($27.17) target price on shares of Bunzl plc in a report on Wednesday, December 7th. Deutsche Bank AG lowered their target price on shares of Bunzl plc from GBX 2,520 ($31.12) to GBX 2,450 ($30.26) and set a “buy” rating on the stock in a report on Monday, December 12th. Shore Capital reaffirmed a “hold” rating on shares of Bunzl plc in a report on Thursday, December 15th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Bunzl plc in a report on Friday, December 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 2,308.08 ($28.51).
Shares of Bunzl plc (LON:BNZL) traded up 0.43% during mid-day trading on Monday, reaching GBX 2335.00. 592,027 shares of the company traded hands. Bunzl plc has a 52 week low of GBX 1,949.50 and a 52 week high of GBX 2,587.89. The stock’s 50-day moving average is GBX 2,215.81 and its 200-day moving average is GBX 2,178.99. The company’s market capitalization is GBX 7.68 billion.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/20/bnp-paribas-reiterates-neutral-rating-for-bunzl-plc-bnzl.html
The business also recently disclosed a dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, May 25th will be paid a GBX 29 ($0.36) dividend. This is a boost from Bunzl plc’s previous dividend of $13.00. The ex-dividend date is Thursday, May 25th. This represents a dividend yield of 1.29%.
Your IP Address:
In related news, insider Patrick Larmon acquired 160 shares of Bunzl plc stock in a transaction that occurred on Tuesday, January 31st. The stock was purchased at an average price of GBX 2,250 ($27.79) per share, for a total transaction of £3,600 ($4,446.09). Also, insider Frank van Zanten sold 4,935 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of GBX 2,309 ($28.52), for a total transaction of £113,949.15 ($140,730.09).
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.