Bunzl plc’s (BNZL) Overweight Rating Reiterated at Barclays PLC

Barclays PLC restated their overweight rating on shares of Bunzl plc (LON:BNZL) in a research note released on Thursday. They currently have a GBX 2,600 ($33.13) price target on the stock, up from their previous price target of GBX 2,550 ($32.49).

A number of other brokerages have also issued reports on BNZL. HSBC Holdings plc lowered shares of Bunzl plc to a hold rating and set a GBX 2,508 ($31.95) price objective for the company. in a report on Thursday, June 1st. Canaccord Genuity raised shares of Bunzl plc to a buy rating and increased their target price for the company from GBX 2,250 ($28.67) to GBX 2,450 ($31.21) in a research report on Tuesday, February 28th. Beaufort Securities reissued a hold rating on shares of Bunzl plc in a research report on Tuesday, February 28th. Shore Capital reissued a hold rating on shares of Bunzl plc in a research report on Tuesday, April 11th. Finally, Royal Bank Of Canada increased their target price on shares of Bunzl plc from GBX 1,900 ($24.21) to GBX 1,950 ($24.84) and gave the company an underperform rating in a research report on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 2,318.80 ($29.54).

Analyst Recommendations for Bunzl plc (LON:BNZL)

Shares of Bunzl plc (LON:BNZL) opened at 2387.00 on Thursday. The stock’s 50 day moving average is GBX 2,421.17 and its 200 day moving average is GBX 2,253.30. Bunzl plc has a 12 month low of GBX 1,963.00 and a 12 month high of GBX 2,587.89. The firm’s market cap is GBX 7.86 billion.

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In other news, insider Patrick Larmon sold 15,216 shares of the firm’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of GBX 2,335 ($29.75), for a total transaction of £355,293.60 ($452,660.98). Also, insider Charles Paul Budge sold 15,300 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of GBX 2,375 ($30.26), for a total transaction of £363,375 ($462,957.06). In the last ninety days, insiders have sold 66,516 shares of company stock valued at $158,302,860.

About Bunzl plc

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