Royal Bank Of Canada Raises Bunzl plc (BNZL) Price Target to GBX 2,000

Bunzl plc (LON:BNZL) had its price target hoisted by investment analysts at Royal Bank Of Canada from GBX 1,950 ($24.13) to GBX 2,000 ($24.75) in a research note issued on Thursday. The brokerage presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 13.34% from the company’s previous close.

Several other analysts have also commented on BNZL. JPMorgan Chase & Co. increased their target price on shares of Bunzl plc from GBX 2,136 ($26.44) to GBX 2,170 ($26.86) and gave the company a “neutral” rating in a research note on Thursday, June 30th. Beaufort Securities reissued a “buy” rating on shares of Bunzl plc in a research note on Thursday, June 30th. Barclays PLC reissued an “equal weight” rating and set a GBX 2,450 ($30.32) target price on shares of Bunzl plc in a research note on Wednesday, August 31st. Jefferies Group reissued a “hold” rating and set a GBX 1,800 ($22.28) target price on shares of Bunzl plc in a research note on Thursday, August 25th. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a GBX 2,100 ($25.99) target price (up from GBX 1,780 ($22.03)) on shares of Bunzl plc in a research note on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 2,246.40 ($27.80).

Analyst Recommendations for Bunzl plc (LON:BNZL)

Shares of Bunzl plc (LON:BNZL) traded up 0.13% during mid-day trading on Thursday, hitting GBX 2311.00. 321,788 shares of the stock traded hands. The company’s market cap is GBX 7.62 billion. The stock has a 50-day moving average of GBX 2,334.19 and a 200-day moving average of GBX 2,204.09. Bunzl plc has a 52 week low of GBX 1,722.00 and a 52 week high of GBX 2,587.89.

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, November 17th. This represents a dividend yield of 0.55%.

In other news, insider van Zanten,Frank bought 899 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were acquired at an average cost of GBX 992 ($12.28) per share, for a total transaction of £8,918.08 ($11,037.23). Also, insider Paul Budge,Charles sold 17,000 shares of the firm’s stock in a transaction on 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).

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.

Receive News & Ratings for Bunzl plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunzl plc and related companies with's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.