Bunzl plc (LON:BNZL) had its price objective increased by Credit Suisse Group AG from GBX 2,175 ($26.51) to GBX 2,290 ($27.91) in a note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group AG’s target price suggests a potential upside of 5.29% from the company’s current price.
A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Bunzl plc from GBX 2,384 ($29.06) to GBX 2,505 ($30.53) and gave the stock a “neutral” rating in a report on Thursday. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 2,400 ($29.25) price objective on shares of Bunzl plc in a report on Thursday. Canaccord Genuity boosted their price objective on shares of Bunzl plc from GBX 2,200 ($26.81) to GBX 2,250 ($27.42) and gave the stock a “hold” rating in a report on Wednesday, October 26th. BNP Paribas reiterated a “neutral” rating and issued a GBX 2,400 ($29.25) price objective on shares of Bunzl plc in a report on Monday, October 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of Bunzl plc from GBX 1,950 ($23.77) to GBX 2,000 ($24.38) and gave the stock an “underperform” rating in a report on Thursday, October 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 2,298.71 ($28.02).
Bunzl plc (LON:BNZL) opened at 2174.69 on Thursday. Bunzl plc has a 12-month low of GBX 1,722.00 and a 12-month high of GBX 2,587.89. The company’s 50 day moving average price is GBX 2,291.73 and its 200-day moving average price is GBX 2,221.14. The stock’s market cap is GBX 7.17 billion.
The company also recently announced a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, November 17th will be given a GBX 13 ($0.16) dividend. This represents a yield of 0.55%. The ex-dividend date is Thursday, November 17th.
In other Bunzl plc news, insider Patrick Larmon sold 18,081 shares of the company’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of GBX 2,342 ($28.54), for a total value of £423,457.02 ($516,096.31). Also, insider van Zanten,Frank bought 899 shares of the firm’s stock in a transaction on Tuesday, September 20th. The stock was purchased at an average price of GBX 992 ($12.09) per share, with a total value of £8,918.08 ($10,869.08).