BNP Paribas Reaffirms “Neutral” Rating for Bunzl plc (BNZL)

BNP Paribas reaffirmed their neutral rating on shares of Bunzl plc (LON:BNZL) in a research note issued to investors on Monday morning. BNP Paribas currently has a GBX 2,150 ($26.78) price target on the stock.

Other equities analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a GBX 2,200 ($27.40) target price on shares of Bunzl plc in a research report on Wednesday, December 7th. Canaccord Genuity raised their price objective on shares of Bunzl plc from GBX 2,200 ($27.40) to GBX 2,250 ($28.03) and gave the company a hold rating in a research report on Wednesday, October 26th. J P Morgan Chase & Co raised their price objective on shares of Bunzl plc from GBX 2,384 ($29.70) to GBX 2,505 ($31.20) and gave the company a neutral rating in a research report on Thursday, October 27th. Shore Capital restated a hold rating on shares of Bunzl plc in a research report on Tuesday, January 10th. Finally, Beaufort Securities lowered shares of Bunzl plc to a hold rating in a research report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 2,274 ($28.33).

Shares of Bunzl plc (LON:BNZL) opened at 2161.00 on Monday. The firm’s market capitalization is GBX 7.13 billion. The firm has a 50-day moving average of GBX 2,110.89 and a 200 day moving average of GBX 2,205.59. Bunzl plc has a 12-month low of GBX 1,767.00 and a 12-month high of GBX 2,587.89.

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In other news, insider Patrick Larmon bought 160 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The shares were bought at an average cost of GBX 2,250 ($28.03) per share, with a total value of £3,600 ($4,484.30).

About Bunzl plc

Bunzl plc is engaged in the distribution and outsourcing service. The Company supplies a range of sourced non-food products to a range of market sectors in approximately 30 countries. The Company’s segments include North America, Continental Europe, the United Kingdom & Ireland, and Rest of the World.

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