The Bunzl plc (BNZL) Price Target Raised to GBX 2,516 at J P Morgan Chase & Co

The Bunzl plc (BNZL) Price Target Raised to GBX 2,516 at J P Morgan Chase & Co

Bunzl plc (LON:BNZL) had its price objective increased by J P Morgan Chase & Co from GBX 2,505 ($33.06) to GBX 2,516 ($33.20) in a research report sent to investors on Wednesday morning. The firm currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank AG boosted their target price on shares of Bunzl plc from GBX 2,575 ($33.98) to GBX 2,590 ($34.18) and gave the stock a buy rating in a research report on Wednesday, August 23rd. Shore Capital reaffirmed a hold rating on shares of Bunzl plc in a research report on Tuesday. Beaufort Securities reaffirmed a hold rating on shares of Bunzl plc in a research report on Wednesday, August 30th. Barclays PLC reaffirmed an overweight rating and set a GBX 2,600 ($34.31) price objective on shares of Bunzl plc in a research report on Thursday, June 29th. Finally, Jefferies Group LLC downgraded shares of Bunzl plc to an underperform rating and set a GBX 2,000 ($26.39) price objective for the company. in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Bunzl plc has an average rating of Hold and an average price target of GBX 2,325.40 ($30.69).

Shares of Bunzl plc (LON:BNZL) traded up 2.10% during midday trading on Wednesday, hitting GBX 2288.00. 905,353 shares of the stock traded hands. Bunzl plc has a one year low of GBX 1,963.00 and a one year high of GBX 2,472.00. The firm has a 50-day moving average price of GBX 2,260.03 and a 200 day moving average price of GBX 2,323.76. The stock’s market cap is GBX 7.54 billion.

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 16th will be given a dividend of GBX 14 ($0.18) per share. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, November 16th.

In other Bunzl plc news, insider Brian May sold 9,670 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of GBX 2,303 ($30.39), for a total value of £222,700.10 ($293,877.14). Also, insider Lloyd Pitchford bought 3,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was purchased at an average price of GBX 2,205 ($29.10) per share, with a total value of £66,150 ($87,292.16).

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