Bunzl plc (BNZL) Receives Average Recommendation of “Hold” from Brokerages
Bunzl plc (LON:BNZL) has been given an average recommendation of “Hold” by the twelve research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 2,321.40 ($30.53).
Several equities analysts have commented on the stock. Shore Capital upgraded shares of Bunzl to a “buy” rating in a report on Tuesday, November 7th. J P Morgan Chase & Co upped their price objective on shares of Bunzl from GBX 2,505 ($32.95) to GBX 2,516 ($33.09) and gave the company a “neutral” rating in a report on Wednesday, October 25th. Deutsche Bank AG upped their price objective on shares of Bunzl from GBX 2,575 ($33.87) to GBX 2,590 ($34.07) and gave the company a “buy” rating in a report on Wednesday, August 23rd. Jefferies Group LLC downgraded shares of Bunzl to an “underperform” rating and set a GBX 2,000 ($26.31) price objective on the stock. in a report on Thursday, September 28th. Finally, Berenberg Bank assumed coverage on shares of Bunzl in a report on Friday, November 17th. They issued a “hold” rating and a GBX 2,250 ($29.59) price objective on the stock.
In related news, insider Charles Paul Budge sold 16,400 shares of the company’s stock in a transaction dated 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). Also, insider Brian May sold 9,670 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of GBX 2,303 ($30.29), for a total transaction of £222,700.10 ($292,910.82).
The company also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 16th will be given a dividend of GBX 14 ($0.18) per share. The ex-dividend date is Thursday, November 16th. This represents a yield of 0.61%.
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