Trading Report: The Bunzl plc (BNZL) Given New GBX 2,000 Price Target at Royal Bank Of Canada

The Bunzl plc (BNZL) Given New GBX 2,000 Price Target at Royal Bank Of Canada

Bunzl plc (LON:BNZL) had its price objective lifted by Royal Bank Of Canada from GBX 1,950 ($24.13) to GBX 2,000 ($24.75) in a research report report published on Thursday. Royal Bank Of Canada currently has an underperform rating on the stock.

A number of other equities analysts have also recently commented on BNZL. BNP Paribas reaffirmed a neutral rating and set a GBX 2,350 ($29.08) price objective on shares of Bunzl plc in a research report on Monday, August 15th. Barclays PLC reaffirmed an equal weight rating and set a GBX 2,450 ($30.32) price objective on shares of Bunzl plc in a research report on Wednesday, August 31st. Deutsche Bank AG reaffirmed a buy rating and set a GBX 2,520 ($31.19) price objective on shares of Bunzl plc in a research report on Wednesday, August 31st. Jefferies Group lifted their price objective on shares of Bunzl plc from GBX 1,900 ($23.51) to GBX 2,230 ($27.60) and gave the stock a hold rating in a research report on Wednesday, August 31st. Finally, Beaufort Securities reaffirmed a buy rating on shares of Bunzl plc in a research report on Wednesday, August 31st. 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. The company presently has an average rating of Hold and an average target price of GBX 2,246.40 ($27.80).

Shares of Bunzl plc (LON:BNZL) traded down 0.17% during midday trading on Thursday, hitting GBX 2317.00. 229,401 shares of the company were exchanged. The company has a 50-day moving average of GBX 2,331.84 and a 200 day moving average of GBX 2,204.90. The company’s market capitalization is GBX 7.64 billion. Bunzl plc has a one year low of GBX 1,722.00 and a one year high of GBX 2,587.89.

The firm also recently announced 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 ($0.16) 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 stock in a transaction dated Tuesday, September 20th. The stock was bought at an average price of GBX 992 ($12.28) per share, with a total value of £8,918.08 ($11,037.23). Also, insider Paul Budge,Charles sold 17,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of GBX 2,287 ($28.30), for a total value of £388,790 ($481,175.74).

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