A number of other research analysts have also weighed in on BNZL. Deutsche Bank AG reiterated a buy rating and issued a GBX 2,520 ($31.19) price objective on shares of Bunzl plc in a research note on Wednesday, August 31st. Royal Bank Of Canada lifted their price objective on shares of Bunzl plc from GBX 1,700 ($21.04) to GBX 1,950 ($24.13) and gave the company an underperform rating in a research note on Tuesday, September 6th. HSBC lowered shares of Bunzl plc to a hold rating and lifted their price objective for the company from GBX 2,140 ($26.49) to GBX 2,400 ($29.70) in a research note on Friday, September 9th. Barclays PLC lifted their price objective on shares of Bunzl plc from GBX 2,000 ($24.75) to GBX 2,450 ($30.32) and gave the company an equal weight rating in a research note on Wednesday, August 17th. Finally, Canaccord Genuity lifted their price objective on shares of Bunzl plc from GBX 1,930 ($23.89) to GBX 2,200 ($27.23) and gave the company a hold rating in a research note on Monday, July 4th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Bunzl plc has an average rating of Hold and an average price target of GBX 2,243.07 ($27.76).
Bunzl plc (LON:BNZL) opened at 2327.00 on Monday. The stock has a 50 day moving average price of GBX 2,337.03 and a 200-day moving average price of GBX 2,200.91. Bunzl plc has a 52 week low of GBX 1,722.00 and a 52 week high of GBX 2,587.89. The company’s market capitalization is GBX 7.68 billion.
The company also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 17th will be paid a dividend of GBX 13 ($0.16) per share. This represents a dividend yield of 0.55%. The ex-dividend date is Thursday, November 17th.
In related news, insider Paul Budge,Charles sold 17,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of GBX 2,287 ($28.30), for a total transaction of £388,790 ($481,175.74). Also, insider van Zanten,Frank purchased 899 shares of Bunzl plc stock in a transaction that occurred on Tuesday, September 20th. The shares were bought at an average price of GBX 992 ($12.28) per share, for a total transaction of £8,918.08 ($11,037.23).
Bunzl plc Company Profile
Bunzl plc is engaged in the distribution and outsourcing service. The Company supplies a range of sourced non-food products to a range of market sectors in approximately 30 countries. The Company’s segments include North America, Continental Europe, the United Kingdom & Ireland, and Rest of the World.
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