The Bunzl plc (BNZL) Trading Down 1.4%

The Bunzl plc (BNZL) Trading Down 1.4%

Shares of Bunzl plc (LON:BNZL) dropped 1.4% during trading on Friday . The stock traded as low as GBX 2,265 ($29.78) and last traded at GBX 2,284 ($30.03). Approximately 837,711 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 843,819 shares. The stock had previously closed at GBX 2,317 ($30.46).

BNZL has been the subject of several recent analyst reports. Deutsche Bank AG lowered their target price on shares of Bunzl plc from GBX 2,590 ($34.05) to GBX 2,540 ($33.39) and set a “buy” rating for the company in a research note on Thursday, September 28th. Beaufort Securities reaffirmed a “hold” rating on shares of Bunzl plc in a research note on Wednesday, August 30th. Shore Capital reaffirmed a “hold” rating on shares of Bunzl plc in a research note on Tuesday, August 29th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 2,505 ($32.93) target price on shares of Bunzl plc in a research note on Thursday, September 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,600 ($34.18) target price on shares of Bunzl plc in a research note on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 2,324.30 ($30.56).

The firm has a 50 day moving average price of GBX 2,274.38 and a 200 day moving average price of GBX 2,328.53. The firm’s market capitalization is GBX 7.53 billion.

The business also recently declared a dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 16th will be issued a GBX 14 ($0.18) dividend. This represents a yield of 0.61%. The ex-dividend date is Thursday, November 16th.

In other news, insider Brian May sold 9,670 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of GBX 2,303 ($30.28), for a total transaction of £222,700.10 ($292,795.29). Also, insider Charles Paul Budge sold 16,400 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of GBX 2,301 ($30.25), for a total transaction of £377,364 ($496,139.89).

About Bunzl plc

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