Bunzl plc (BNZL) Stock Rating Reaffirmed by BNP Paribas

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Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating reaffirmed by equities researchers at BNP Paribas in a report released on Monday. They currently have a GBX 2,350 ($31.30) price objective on the stock. BNP Paribas’ price objective suggests a potential upside of 2.66% from the company’s previous close.
A number of other brokerages have also recently commented on BNZL. Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 2,100 ($27.97) price target (up previously from GBX 1,780 ($23.71)) on shares of Bunzl plc in a research report on Thursday, June 30th. Royal Bank Of Canada increased their price objective on Bunzl plc from GBX 1,700 ($22.64) to GBX 1,950 ($25.97) and gave the stock an “underperform” rating in a report on Tuesday, September 6th. Barclays PLC dropped their price objective on Bunzl plc from GBX 1,900 ($25.31) to GBX 1,850 ($24.64) and set an “equal weight” rating on the stock in a report on Thursday, August 25th. JPMorgan Chase & Co. increased their price objective on Bunzl plc from GBX 2,136 ($28.45) to GBX 2,170 ($28.90) and gave the stock a “neutral” rating in a report on Thursday, June 30th. Finally, Deutsche Bank AG reissued a “buy” rating and set a GBX 2,000 ($26.64) price objective on shares of Bunzl plc in a report on Thursday, August 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Bunzl plc presently has an average rating of “Hold” and an average target price of GBX 2,243.07 ($29.88).
Bunzl plc (LON:BNZL) traded down 0.39% on Monday, reaching GBX 2289.00. The company’s stock had a trading volume of 1,269,384 shares. Bunzl plc has a 52-week low of GBX 1,700.00 and a 52-week high of GBX 2,587.89. The stock’s 50 day moving average price is GBX 2,367.27 and its 200 day moving average price is GBX 2,159.45. The firm’s market cap is GBX 7.55 billion.

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The business also recently declared a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 17th will be given a dividend of GBX 13 ($0.17) per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a yield of 0.55%.
In other Bunzl plc news, insider May,Brian acquired 27,500 shares of the company’s stock in a transaction on Wednesday, June 29th. The stock was acquired at an average price of GBX 1,240 ($16.52) per share, for a total transaction of £341,000 ($454,182.21). Also, insider Paul Budge,Charles sold 17,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of GBX 2,287 ($30.46), for a total value of £388,790 ($517,834.31).
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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