Bunzl plc (BNZL) Given Buy Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of Bunzl plc (LON:BNZL) in a research note issued to investors on Monday.

Several other brokerages also recently weighed in on BNZL. Deutsche Bank AG boosted their target price on shares of Bunzl plc from GBX 2,575 ($33.87) to GBX 2,590 ($34.07) and gave the company a buy rating in a research note on Wednesday, August 23rd. Beaufort Securities reissued a hold rating on shares of Bunzl plc in a research note on Wednesday, August 30th. J P Morgan Chase & Co boosted 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 research note on Wednesday, October 25th. Finally, Jefferies Group LLC downgraded shares of Bunzl plc to an underperform rating and set a GBX 2,000 ($26.31) target price for the company. in a research note on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 2,329.33 ($30.64).

Shares of Bunzl plc (LON BNZL) traded up GBX 14 ($0.18) during mid-day trading on Monday, reaching GBX 2,115 ($27.82). 1,344,509 shares of the company traded hands, compared to its average volume of 789,824. Bunzl plc has a 12-month low of GBX 1,963 ($25.82) and a 12-month 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. Stockholders of record on Thursday, November 16th will be paid a dividend of GBX 14 ($0.18) per share. This represents a dividend yield of 0.61%. The ex-dividend date is Thursday, November 16th.

In other news, insider Charles Paul Budge sold 16,400 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was 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 business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of GBX 2,303 ($30.29), for a total value of £222,700.10 ($292,910.82).

Bunzl plc Company Profile

Analyst Recommendations for Bunzl plc (LON:BNZL)

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