Bunzl plc (BNZL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Bunzl plc (LON:BNZL) have been assigned an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 2,327.78 ($30.42).

Several research analysts recently commented on BNZL shares. Credit Suisse Group raised their target price on Bunzl from GBX 2,470 ($32.27) to GBX 2,600 ($33.97) and gave the stock an “outperform” rating in a research report on Monday, October 22nd. Barclays reaffirmed an “overweight” rating on shares of Bunzl in a research report on Wednesday, October 24th. Morgan Stanley started coverage on Bunzl in a research report on Wednesday, September 19th. They issued an “equal weight” rating and a GBX 2,600 ($33.97) target price for the company. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research report on Tuesday, October 23rd. Finally, Goldman Sachs Group raised their target price on Bunzl from GBX 2,500 ($32.67) to GBX 2,550 ($33.32) and gave the stock a “neutral” rating in a research report on Tuesday, September 11th.

In other Bunzl news, insider Patrick Larmon sold 28,500 shares of the stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of GBX 2,404 ($31.41), for a total transaction of £685,140 ($895,256.76). Also, insider Paul Nicholas Hussey sold 4,866 shares of the stock in a transaction on Friday, October 5th. The stock was sold at an average price of GBX 2,340 ($30.58), for a total value of £113,864.40 ($148,784.01). Insiders have sold 71,005 shares of company stock valued at $169,142,509 over the last quarter.

BNZL stock traded up GBX 31 ($0.41) during midday trading on Thursday, hitting GBX 2,437 ($31.84). The stock had a trading volume of 1,004,615 shares, compared to its average volume of 1,290,000. Bunzl has a 52 week low of GBX 1,918.50 ($25.07) and a 52 week high of GBX 2,472 ($32.30).

Bunzl Company Profile

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.

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Analyst Recommendations for Bunzl (LON:BNZL)

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