Shore Capital Reiterates Buy Rating for Bunzl plc (BNZL)
Bunzl plc (LON:BNZL)‘s stock had its “buy” rating restated by Shore Capital in a note issued to investors on Thursday.
Several other research firms have also recently weighed in on BNZL. Deutsche Bank AG increased their price target on shares of Bunzl plc from GBX 2,575 ($33.87) to GBX 2,590 ($34.07) and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Beaufort Securities reissued a “hold” rating on shares of Bunzl plc in a research note on Wednesday, August 30th. J P Morgan Chase & Co increased their price target on shares of Bunzl plc from GBX 2,505 ($32.95) to GBX 2,516 ($33.09) and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Jefferies Group LLC cut shares of Bunzl plc to an “underperform” rating and set a GBX 2,000 ($26.31) price target for the company. in a research note on Thursday, September 28th. Finally, Berenberg Bank started coverage on shares of Bunzl plc in a research report on Friday, November 17th. They set a “hold” rating and a GBX 2,250 ($29.59) price objective for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 2,321.40 ($30.53).
Shares of Bunzl plc (BNZL) opened at GBX 2,171 ($28.55) on Thursday. Bunzl plc has a one year low of GBX 1,996 ($26.25) and a one year high of GBX 2,472 ($32.51).
In other news, insider Lloyd Pitchford acquired 3,000 shares of Bunzl plc stock in a transaction dated Friday, September 22nd. The shares were acquired at an average cost of GBX 2,205 ($29.00) per share, for a total transaction of £66,150 ($87,005.13). Also, insider Charles Paul Budge sold 16,400 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of GBX 2,301 ($30.26), for a total transaction of £377,364 ($496,335.66).
About Bunzl plc
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