Today: The Goldman Sachs Group Inc. Reiterates “Neutral” Rating for Bunzl plc (BNZL)

The Goldman Sachs Group Inc. Reiterates “Neutral” Rating for Bunzl plc (BNZL)

Bunzl plc (LON:BNZL)‘s stock had its “neutral” rating reaffirmed by Goldman Sachs Group Inc. in a report issued on Thursday. They currently have a GBX 2,400 ($29.25) price target on the stock. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 10.34% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Canaccord Genuity upped their price objective on shares of Bunzl plc from GBX 2,200 ($26.81) to GBX 2,250 ($27.42) and gave the company a “hold” rating in a research report on Wednesday, October 26th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 2,400 ($29.25) price target on shares of Bunzl plc in a research report on Monday, October 17th. Royal Bank Of Canada increased their price target 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 research report on Thursday, October 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,384 ($29.06) price target on shares of Bunzl plc in a research report on Tuesday, September 13th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 2,175 ($26.51) price target on shares of Bunzl plc in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 2,298.71 ($28.02).

Shares of Bunzl plc (LON:BNZL) opened at 2174.69 on Thursday. The stock’s market cap is GBX 7.17 billion. The firm has a 50-day moving average price of GBX 2,291.73 and a 200-day moving average price of GBX 2,221.14. Bunzl plc has a one year low of GBX 1,722.00 and a one year high of GBX 2,587.89.

The business also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 17th will be paid a dividend of GBX 13 ($0.16) per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a dividend yield of 0.55%.

In related news, insider Patrick Larmon sold 18,081 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of GBX 2,342 ($28.54), for a total transaction of £423,457.02 ($516,096.31). Also, insider van Zanten,Frank acquired 899 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were bought at an average price of GBX 992 ($12.09) per share, for a total transaction of £8,918.08 ($10,869.08).

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