Bunzl PLC (LON:BNZL) Rating Reaffirmed
In a note shared with investors on 17 December, The “Buy” rating of Bunzl PLC (LON:BNZL) shares was reiterated by Analysts at Deutsche Bank, who now has a GBX 1955.00 PT on the stock. Deutsche Bank’s PT would possibly suggest a possible upside of 5.85% from the last stock close of the company.
From a total of 13 analysts covering Bunzl PLC (LON:BNZL) stock, 5 rate it a ”Buy”, 2 a “Sell”, and 10 a ”Hold”. This means that 29% of the ratings are positive. The highest target price is GBX 2200 while the lowest target price is GBX 1440. The mean of all analyst targets is GBX 1862.46 with a 1.07% above today’s (GBX 1847) stock price. Bunzl PLC was the topic of 20 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on November 20 with “Neutral” rating. Investec maintained shares with “Hold” rating and GBX 1850 target share price in a report from an October 21. Deutsche Bank maintained BNZL stock in a recent report from October 22 with “Buy” rating. Credit Suisse maintained the rating on August 28. Credit Suisse has a “Neutral” rating and a GBX 1660 price target on shares. Finally, Shore Capital maintained the stock with “Hold” rating in a report issued on an October 21.
The stock closed the day at GBX 1847 during the previous session. It is down 2.74% since May 20, 2015 and is downtrending. It has underperformed by 0.11% the S&P500.
Bunzl plc is engaged in the provision of outsourcing solutions and value-added distribution across the Americas, Europe and Australasia. The company has a market cap of 6.18 billion GBP. The Firm supplies a range of sourced non-food products to a variety of market sectors in around 27 countries. It has 27.09 P/E ratio. The Firm is managed business areas, including North America; Continental Europe; United Kingdom and Ireland, which supply a range of products to clients operating primarily in the foodservice, grocery, cleaning and hygiene, retail, safety and healthcare market sectors.