Bunzl (BNZL) Receives “Buy” Rating from Shore Capital

Bunzl (LON:BNZL)‘s stock had its “buy” rating reissued by Shore Capital in a research note issued on Thursday.

Several other equities research analysts also recently issued reports on the company. Deutsche Bank upped their price target on Bunzl from GBX 2,575 ($34.66) to GBX 2,590 ($34.86) and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Beaufort Securities reiterated a “hold” rating on shares of Bunzl in a report on Wednesday, August 30th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 2,505 ($33.71) price target on shares of Bunzl in a report on Thursday, September 28th. Jefferies Group downgraded Bunzl to an “underperform” rating and set a GBX 2,000 ($26.92) price target for the company. in a report on Thursday, September 28th. Finally, Berenberg Bank started coverage on Bunzl in a report on Friday, November 17th. They set a “hold” rating and a GBX 2,250 ($30.28) price target for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Bunzl has a consensus rating of “Hold” and an average target price of GBX 2,321.40 ($31.24).

Bunzl (BNZL) traded down GBX 3 ($0.04) during midday trading on Thursday, hitting GBX 2,016 ($27.13). The stock had a trading volume of 3,013,904 shares, compared to its average volume of 1,100,000. Bunzl has a 52-week low of GBX 2,007 ($27.01) and a 52-week high of GBX 2,472 ($33.27).

In other news, insider Frank van Zanten purchased 9,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of GBX 2,135 ($28.73) per share, with a total value of £192,150 ($258,613.73). Also, insider Brian May sold 9,670 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of GBX 2,303 ($31.00), for a total value of £222,700.10 ($299,730.96).

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Bunzl Company Profile

Analyst Recommendations for Bunzl (LON:BNZL)

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