Shares of Berendsen PLC (LON:BRSN) have received an average rating of “Hold” from the twelve analysts that are covering the stock. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 858.82 ($11.09).
Several research firms have issued reports on BRSN. Peel Hunt restated an “add” rating and set a GBX 951 ($12.28) target price on shares of Berendsen PLC in a research report on Friday, March 3rd. HSBC Holdings plc downgraded Berendsen PLC to a “hold” rating and dropped their target price for the stock from GBX 1,070 ($13.81) to GBX 940 ($12.13) in a research report on Friday, March 3rd. Citigroup Inc upgraded Berendsen PLC to a “neutral” rating and dropped their target price for the stock from GBX 1,000 ($12.91) to GBX 930 ($12.00) in a research report on Monday, February 13th. Morgan Stanley downgraded Berendsen PLC to an “underweight” rating and dropped their target price for the stock from GBX 950 ($12.26) to GBX 645 ($8.33) in a research report on Friday, April 28th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,249 ($16.12) target price on shares of Berendsen PLC in a research report on Friday, April 28th.
In other Berendsen PLC news, insider James Drummond acquired 122,840 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were bought at an average price of GBX 8 ($0.10) per share, for a total transaction of £9,827.20 ($12,685.17). Also, insider Iain Ferguson acquired 10,000 shares of the stock in a transaction that occurred on Friday, March 24th. The stock was acquired at an average price of GBX 785 ($10.13) per share, for a total transaction of £78,500 ($101,329.55).
Berendsen PLC (LON:BRSN) traded up 4.21% during trading on Friday, reaching GBX 1090.00. The company’s stock had a trading volume of 3,912,519 shares. The company’s market cap is GBX 1.87 billion. The stock’s 50 day moving average is GBX 820.84 and its 200 day moving average is GBX 856.02. Berendsen PLC has a 12 month low of GBX 722.00 and a 12 month high of GBX 1,371.00.
The firm also recently disclosed a dividend, which was paid on Friday, May 5th. Investors of record on Thursday, April 6th were given a GBX 22.50 ($0.29) dividend. This represents a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, April 6th. This is an increase from Berendsen PLC’s previous dividend of $10.50.
Berendsen PLC Company Profile
Berendsen plc is a focused European textile, hygiene and safety solutions business. The Company operates through Workwear, Facility, Healthcare and Hospitality segments. It provides outsourced workwear services to 80,000 customers across Europe. Its services include workwear design, rental and delivery, repair, stockholding and stock management, including specialized garment dispensing systems.
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