Bunzl plc (BNZL) Price Target Raised to GBX 2,575 at Deutsche Bank AG
Bunzl plc (LON:BNZL) had its target price increased by Deutsche Bank AG from GBX 2,535 ($32.24) to GBX 2,575 ($32.75) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 12.54% from the company’s previous close.
A number of other analysts also recently issued reports on the stock. Jefferies Group LLC downgraded shares of Bunzl plc to an “underperform” rating and cut their price target for the stock from GBX 2,230 ($28.36) to GBX 1,950 ($24.80) in a report on Monday, May 22nd. Shore Capital restated a “hold” rating on shares of Bunzl plc in a report on Tuesday, April 11th. Barclays PLC upgraded shares of Bunzl plc to an “overweight” rating and raised their price target for the stock from GBX 2,450 ($31.16) to GBX 2,550 ($32.43) in a report on Tuesday, March 21st. HSBC Holdings plc downgraded shares of Bunzl plc to a “hold” rating and set a GBX 2,508 ($31.90) price target for the company. in a report on Thursday, June 1st. Finally, Royal Bank Of Canada raised their price target on shares of Bunzl plc from GBX 1,900 ($24.17) to GBX 1,950 ($24.80) and gave the stock an “underperform” rating in a report on Wednesday, March 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Bunzl plc presently has an average rating of “Hold” and an average price target of GBX 2,322.80 ($29.54).
Bunzl plc (BNZL) opened at 2288.00 on Thursday. The stock’s 50 day moving average price is GBX 2,400.88 and its 200-day moving average price is GBX 2,269.06. Bunzl plc has a 1-year low of GBX 1,963.00 and a 1-year high of GBX 2,587.89. The company’s market cap is GBX 7.53 billion.
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In other Bunzl plc news, insider Charles Paul Budge sold 15,300 shares of the business’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of GBX 2,375 ($30.21), for a total value of £363,375 ($462,191.55). Also, insider Patrick Larmon sold 36,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of GBX 2,401 ($30.54), for a total transaction of £864,360 ($1,099,414.91). Insiders sold a total of 66,516 shares of company stock valued at $158,302,860 in the last quarter.
Bunzl plc Company Profile
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