Bunzl (BNZL) Given “Buy” Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Bunzl (LON:BNZL) in a report issued on Thursday.

Other research analysts have also issued reports about the stock. Deutsche Bank decreased their price target on shares of Bunzl from GBX 2,590 ($35.12) to GBX 2,540 ($34.45) and set a buy rating for the company in a research note on Thursday, September 28th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 2,505 ($33.97) price target on shares of Bunzl in a research note on Thursday, September 28th. Jefferies Group lowered shares of Bunzl to an underperform rating and set a GBX 2,000 ($27.12) price target for the company. in a research note on Thursday, September 28th. Credit Suisse Group upgraded shares of Bunzl to an outperform rating and increased their price target for the stock from GBX 2,290 ($31.06) to GBX 2,400 ($32.55) in a research note on Wednesday, January 3rd. Finally, Berenberg Bank began coverage on shares of Bunzl in a research note on Friday, November 17th. They issued a hold rating and a GBX 2,250 ($30.51) price target for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 2,359.70 ($32.00).

Shares of Bunzl (LON BNZL) traded down GBX 9 ($0.12) during trading on Thursday, hitting GBX 2,041 ($27.68). 1,378,027 shares of the company traded hands, compared to its average volume of 894,925. The company has a market cap of $6,860.00 and a price-to-earnings ratio of 2,373.26. Bunzl has a 52 week low of GBX 1,999.20 ($27.11) and a 52 week high of GBX 2,472 ($33.52).

In other news, insider Frank van Zanten acquired 9,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average cost of GBX 2,135 ($28.95) per share, with a total value of £192,150 ($260,577.71).

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