Berendsen PLC (LON:BRSN) was downgraded by analysts at Goldman Sachs Group, Inc. (The) to a “neutral” rating in a note issued to investors on Monday. They presently have a GBX 1,200 ($15.29) price objective on the stock, up from their prior price objective of GBX 1,070 ($13.63). Goldman Sachs Group, Inc. (The)’s target price suggests a potential upside of 0.76% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Peel Hunt decreased their price target on Berendsen PLC from GBX 951 ($12.12) to GBX 908 ($11.57) and set an “add” rating for the company in a research note on Thursday, April 27th. BNP Paribas cut Berendsen PLC to a “neutral” rating and set a GBX 1,217 ($15.51) price target for the company. in a research note on Friday. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,249 ($15.91) price target on shares of Berendsen PLC in a research note on Friday, April 28th. Barclays PLC cut Berendsen PLC to an “underweight” rating and decreased their price target for the company from GBX 911 ($11.61) to GBX 700 ($8.92) in a research note on Tuesday, March 21st. Finally, Numis Securities Ltd reissued a “hold” rating and issued a GBX 1,164 ($14.83) price target on shares of Berendsen PLC in a research note on Monday, May 22nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Berendsen PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 968.64 ($12.34).

Analyst Recommendations for Berendsen PLC (LON:BRSN)

Shares of Berendsen PLC (LON BRSN) traded down 0.17% on Monday, hitting GBX 1191.00. The company’s stock had a trading volume of 1,198,977 shares. Berendsen PLC has a 52 week low of GBX 722.00 and a 52 week high of GBX 1,371.00. The firm’s market cap is GBX 2.04 billion. The stock’s 50-day moving average price is GBX 1,037.21 and its 200-day moving average price is GBX 886.95.

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In other Berendsen PLC news, insider Iain Ferguson bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The stock was acquired at an average price of GBX 785 ($10.00) per share, with a total value of £78,500 ($100,012.74).

About Berendsen PLC

Berendsen plc is a focused European textile, hygiene and safety solutions business. The Company operates through Workwear, Facility, Healthcare and Hospitality segments. It provides outsourced workwear services to 80,000 customers across Europe. Its services include workwear design, rental and delivery, repair, stockholding and stock management, including specialized garment dispensing systems.

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