Bunzl plc (LON:BNZL) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Bunzl plc (LON:BNZL) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,992.73 ($24.52).
A number of equities research analysts have recently commented on the company. Barclays raised their target price on Bunzl from GBX 2,000 ($24.61) to GBX 2,350 ($28.92) and gave the company an “overweight” rating in a research report on Wednesday, June 17th. UBS Group raised their target price on Bunzl from GBX 1,500 ($18.46) to GBX 1,650 ($20.31) and gave the company a “sell” rating in a research report on Friday, July 3rd. Berenberg Bank raised their target price on Bunzl from GBX 1,550 ($19.07) to GBX 2,250 ($27.69) and gave the company a “hold” rating in a research report on Thursday, June 25th. Shore Capital restated a “buy” rating on shares of Bunzl in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upgraded Bunzl to an “overweight” rating and raised their target price for the company from GBX 2,000 ($24.61) to GBX 2,350 ($28.92) in a research report on Friday, June 26th.
In other news, insider Peter Ventress acquired 2,608 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average cost of GBX 2,160 ($26.58) per share, for a total transaction of £56,332.80 ($69,324.14).
Bunzl Company Profile
Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.
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