Published On: Mon, Sep 12th, 2016

HSBC Raises Berendsen PLC (BRSN) Price Target to GBX 1,450

Berendsen PLC (LON:BRSN) had its target price boosted by research analysts at HSBC from GBX 1,230 ($16.38) to GBX 1,450 ($19.31) in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. HSBC’s target price would indicate a potential upside of 18.27% from the stock’s previous close.
Several other equities analysts also recently commented on BRSN. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 1,250 ($16.65) target price on shares of Berendsen PLC in a report on Tuesday, April 19th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,408 ($18.75) price target on shares of Berendsen PLC in a research note on Friday, May 6th. Peel Hunt reaffirmed an “add” rating and set a GBX 1,246 ($16.60) price target on shares of Berendsen PLC in a research note on Thursday, April 28th. Royal Bank Of Canada downgraded shares of Berendsen PLC to a “sector performer” rating and set a GBX 1,200 ($15.98) price target on the stock. in a research note on Wednesday, May 11th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 1,393 ($18.55) price target on shares of Berendsen PLC in a research note on Monday, June 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Berendsen PLC has a consensus rating of “Buy” and an average target price of GBX 1,286.20 ($17.13).
Berendsen PLC (LON:BRSN) traded down 2.154828% during midday trading on Monday, hitting GBX 1229.877319. 245,600 shares of the stock traded hands. The company’s market cap is GBX 2.10 billion. The firm’s 50-day moving average is GBX 1,261.36 and its 200-day moving average is GBX 1,214.96. Berendsen PLC has a 52-week low of GBX 970.00 and a 52-week high of GBX 1,371.00.

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The company also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be given a dividend of GBX 10.50 ($0.14) per share. This represents a yield of 0.82%. The ex-dividend date is 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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