Bunzl plc’s (LON:BNZL) “Buy” Rating Reiterated at Deutsche Bank AG
Bunzl plc (LON:BNZL)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday. They presently have a GBX 2,575 ($33.62) target price on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 13.04% from the stock’s current price.
A number of other brokerages have also recently issued reports on BNZL. Jefferies Group LLC cut shares of Bunzl plc to an “underperform” rating and decreased their price objective for the company from GBX 2,230 ($29.12) to GBX 1,950 ($25.46) in a report on Monday, May 22nd. HSBC Holdings plc cut shares of Bunzl plc to a “hold” rating and set a GBX 2,508 ($32.75) price objective for the company. in a report on Thursday, June 1st. Barclays PLC restated an “overweight” rating and set a GBX 2,600 ($33.95) price objective (up previously from GBX 2,550 ($33.30)) on shares of Bunzl plc in a report on Thursday, June 15th. Shore Capital restated a “hold” rating on shares of Bunzl plc in a report on Tuesday, April 11th. Finally, Royal Bank Of Canada boosted their price objective on shares of Bunzl plc from GBX 1,900 ($24.81) to GBX 1,950 ($25.46) and gave the company an “underperform” rating in a report on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Bunzl plc has an average rating of “Hold” and a consensus target price of GBX 2,322.80 ($30.33).
Bunzl plc (LON BNZL) opened at 2278.00 on Friday. The company has a 50-day moving average of GBX 2,325.77 and a 200-day moving average of GBX 2,288.67. The firm’s market cap is GBX 7.50 billion. Bunzl plc has a 1-year low of GBX 1,963.00 and a 1-year high of GBX 2,587.89.
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In other news, insider Patrick Larmon sold 36,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of GBX 2,401 ($31.35), for a total value of £864,360 ($1,128,702.01).
About Bunzl plc
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