Bunzl plc (BNZL) Stock Rating Upgraded by Shore Capital

Shore Capital upgraded shares of Bunzl plc (LON:BNZL) to a buy rating in a research report report published on Tuesday.

Several other analysts have also recently weighed in on the stock. J P Morgan Chase & Co raised their target price on shares of Bunzl plc from GBX 2,505 ($32.95) to GBX 2,516 ($33.09) and gave the company a neutral rating in a report on Wednesday, October 25th. Jefferies Group LLC cut shares of Bunzl plc to an underperform rating and set a GBX 2,000 ($26.31) target price on the stock. in a report on Thursday, September 28th. Deutsche Bank AG reduced their target price on shares of Bunzl plc from GBX 2,590 ($34.07) to GBX 2,540 ($33.41) and set a buy rating on the stock in a report on Thursday, September 28th. Finally, Beaufort Securities reaffirmed a hold rating on shares of Bunzl plc in a report on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 2,329.33 ($30.64).

Shares of Bunzl plc (LON BNZL) traded down GBX 151 ($1.99) during trading hours on Tuesday, reaching GBX 2,157 ($28.37). 2,831,908 shares of the company traded hands, compared to its average volume of 718,966. Bunzl plc has a 52-week low of GBX 1,963 ($25.82) and a 52-week high of GBX 2,472 ($32.51).

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The business also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 16th will be issued a dividend of GBX 14 ($0.18) per share. The ex-dividend date is Thursday, November 16th. This represents a yield of 0.61%.

In other Bunzl plc news, insider Charles Paul Budge sold 16,400 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of GBX 2,301 ($30.26), for a total transaction of £377,364 ($496,335.66). Also, insider Brian May sold 9,670 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of GBX 2,303 ($30.29), for a total transaction of £222,700.10 ($292,910.82).

Bunzl plc Company Profile

Analyst Recommendations for Bunzl plc (LON:BNZL)

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