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).