Today: The Berendsen PLC (BRSN) Price Target Cut to GBX 1,200 by Analysts at Credit Suisse Group AG

The Berendsen PLC (BRSN) Price Target Cut to GBX 1,200 by Analysts at Credit Suisse Group AG

Berendsen PLC (LON:BRSN) had its price target lowered by equities researchers at Credit Suisse Group AG from GBX 1,330 ($16.62) to GBX 1,200 ($14.99) in a note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group AG’s target price would suggest a potential upside of 34.68% from the company’s current price.

A number of other brokerages have also issued reports on BRSN. JPMorgan Chase & Co. cut their target price on Berendsen PLC from GBX 1,408 ($17.59) to GBX 1,346 ($16.82) and set an “overweight” rating on the stock in a research report on Friday, October 28th. HSBC lowered Berendsen PLC to a “hold” rating and cut their target price for the stock from GBX 1,450 ($18.12) to GBX 1,255 ($15.68) in a research report on Friday, October 28th. Barclays PLC cut their target price on Berendsen PLC from GBX 1,303 ($16.28) to GBX 911 ($11.38) and set an “equal weight” rating on the stock in a research report on Friday, October 28th. Royal Bank Of Canada boosted their target price on Berendsen PLC from GBX 1,200 ($14.99) to GBX 1,250 ($15.62) and gave the stock a “sector perform” rating in a research report on Thursday, October 13th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 1,430 ($17.87) target price on shares of Berendsen PLC in a research report on Thursday, September 8th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,182.10 ($14.77).

Shares of Berendsen PLC (LON:BRSN) traded up 1.077708% on Wednesday, hitting GBX 890.552612. The stock had a trading volume of 364,029 shares. The company’s 50-day moving average price is GBX 1,066.74 and its 200 day moving average price is GBX 1,195.67. The firm’s market cap is GBX 1.52 billion. Berendsen PLC has a 12-month low of GBX 874.50 and a 12-month high of GBX 1,371.00.

In other news, insider Iain Ferguson bought 5,000 shares of the stock in a transaction on Friday, November 4th. The shares were purchased at an average price of GBX 940 ($11.74) per share, for a total transaction of £47,000 ($58,720.64).

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