The Bunzl plc (BNZL) PT Raised to GBX 2,290 at Credit Suisse Group AG

The Bunzl plc (BNZL) PT Raised to GBX 2,290 at Credit Suisse Group AG

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).

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