Bunzl (BNZL) Price Target Increased to GBX 2,470 by Analysts at Credit Suisse Group

Bunzl (LON:BNZL) had its target price upped by equities researchers at Credit Suisse Group from GBX 2,400 ($32.55) to GBX 2,470 ($33.50) in a research report issued on Monday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 20.55% from the company’s current price.

Several other brokerages have also issued reports on BNZL. Deutsche Bank decreased their price target on shares of Bunzl from GBX 2,590 ($35.12) to GBX 2,540 ($34.45) and set a “buy” rating for the company in a research note on Thursday, September 28th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,505 ($33.97) price target on shares of Bunzl in a research note on Thursday, September 28th. Berenberg Bank started coverage on shares of Bunzl in a research note on Friday, November 17th. They set a “hold” rating and a GBX 2,250 ($30.51) price target for the company. Shore Capital restated a “buy” rating on shares of Bunzl in a research note on Thursday, December 14th. Finally, Jefferies Group lowered shares of Bunzl to an “underperform” rating and set a GBX 2,000 ($27.12) price target for the company. in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Bunzl presently has a consensus rating of “Hold” and an average price target of GBX 2,366.70 ($32.10).

Shares of Bunzl (BNZL) traded up GBX 8 ($0.11) during mid-day trading on Monday, hitting GBX 2,049 ($27.79). 521,741 shares of the stock traded hands, compared to its average volume of 874,951. Bunzl has a 12 month low of GBX 1,999.20 ($27.11) and a 12 month high of GBX 2,472 ($33.52). The stock has a market cap of $6,880.00 and a price-to-earnings ratio of 2,382.56.

In other Bunzl news, insider Frank van Zanten acquired 9,000 shares of Bunzl stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average cost of GBX 2,135 ($28.95) per share, for a total transaction of £192,150 ($260,577.71).

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