Berendsen PLC (BRSN) Receives Consensus Rating of “Buy” from Brokerages

Berendsen PLC (LON:BRSN) has been assigned an average rating of “Buy” from the ten ratings firms that are presently covering the stock. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 1,291.20 ($15.74).

A number of brokerages have recently issued reports on BRSN. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,408 ($17.16) price objective on shares of Berendsen PLC in a research report on Friday, September 16th. Credit Suisse Group AG lifted their target price on shares of Berendsen PLC from GBX 1,250 ($15.23) to GBX 1,330 ($16.21) and gave the stock an “outperform” rating in a research note on Tuesday, July 5th. Peel Hunt reiterated an “add” rating and issued a GBX 1,246 ($15.19) target price on shares of Berendsen PLC in a research note on Friday, July 29th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 1,393 ($16.98) target price on shares of Berendsen PLC in a research note on Monday, June 27th. Finally, Barclays PLC cut shares of Berendsen PLC to an “equal weight” rating and lifted their target price for the stock from GBX 1,235 ($15.05) to GBX 1,303 ($15.88) in a research note on Wednesday, August 17th.

Shares of Berendsen PLC (LON:BRSN) traded down 0.47% during mid-day trading on Tuesday, reaching GBX 1260.00. 247,947 shares of the company’s stock were exchanged. Berendsen PLC has a one year low of GBX 991.00 and a one year high of GBX 1,371.00. The company’s 50-day moving average price is GBX 1,258.05 and its 200-day moving average price is GBX 1,232.15. The company’s market capitalization is GBX 2.15 billion.

The company also recently announced a dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 8th were paid a GBX 10.50 ($0.13) dividend. This represents a dividend yield of 0.82%. The ex-dividend date was Thursday, September 8th.

About Berendsen PLC

Berendsen plc is a United Kingdom-based company, which is engaged in textile service business. The Company develops and provides textile, hygiene and safety solutions. The Company operates through segments: Workwear, Facility, UK Flat Linen, Flat Linen outside the UK, and Clinical Solutions and Decontamination.

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