A number of other equities research analysts have also recently commented on BNZL. JPMorgan Chase & Co. raised their target price on shares of Bunzl plc from GBX 2,136 ($27.88) to GBX 2,170 ($28.33) and gave the stock a neutral rating in a research note on Thursday, June 30th. Beaufort Securities restated a buy rating on shares of Bunzl plc in a research note on Thursday, June 30th. Barclays PLC restated an equal weight rating and set a GBX 2,450 ($31.98) target price on shares of Bunzl plc in a research note on Wednesday, August 31st. Jefferies Group restated a hold rating and set a GBX 1,800 ($23.50) target price on shares of Bunzl plc in a research note on Thursday, August 25th. Finally, Credit Suisse Group AG restated a neutral rating and set a GBX 2,100 ($27.41) target price (up previously from GBX 1,780 ($23.23)) on shares of Bunzl plc in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Bunzl plc currently has a consensus rating of Hold and an average price target of GBX 2,243.07 ($29.28).
Shares of Bunzl plc (LON:BNZL) traded up 3.30% during midday trading on Monday, hitting GBX 2411.00. 630,042 shares of the stock were exchanged. Bunzl plc has a 1-year low of GBX 1,722.00 and a 1-year high of GBX 2,587.89. The firm has a 50-day moving average of GBX 2,346.06 and a 200-day moving average of GBX 2,188.30. The company’s market capitalization is GBX 7.95 billion.
The company also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, November 17th will be paid a dividend of GBX 13 ($0.17) per share. This represents a yield of 0.55%. The ex-dividend date is Thursday, November 17th.
In other news, insider van Zanten,Frank acquired 899 shares of the company’s stock in a transaction on Tuesday, September 20th. The stock was bought at an average cost of GBX 992 ($12.95) per share, with a total value of £8,918.08 ($11,640.88). Also, insider Paul Budge,Charles sold 17,000 shares of Bunzl plc stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of GBX 2,287 ($29.85), for a total transaction of £388,790 ($507,492.49).
About Bunzl plc
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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