Bunzl’s (BNZL) “Buy” Rating Reiterated at Shore Capital

Bunzl (LON:BNZL)‘s stock had its “buy” rating restated by Shore Capital in a research report issued on Friday.

A number of other research analysts have also recently weighed in on BNZL. BNP Paribas upgraded Bunzl to a “buy” rating and lifted their target price for the company from GBX 2,200 ($28.06) to GBX 2,350 ($29.98) in a report on Friday, April 27th. Goldman Sachs Group lifted their target price on Bunzl from GBX 2,200 ($28.06) to GBX 2,500 ($31.89) and gave the company a “neutral” rating in a report on Thursday, May 24th. Deutsche Bank lifted their target price on Bunzl from GBX 2,570 ($32.78) to GBX 2,650 ($33.81) and gave the company a “buy” rating in a report on Wednesday, June 6th. Citigroup reiterated a “buy” rating on shares of Bunzl in a report on Thursday, June 28th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 2,609 ($33.28) target price on shares of Bunzl in a report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 2,371.30 ($30.25).

Shares of LON:BNZL opened at GBX 2,328 ($29.70) on Friday. Bunzl has a 52 week low of GBX 1,918.50 ($24.47) and a 52 week high of GBX 2,472 ($31.53).

In related news, insider Frank van Zanten sold 563 shares of Bunzl stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of GBX 2,315 ($29.53), for a total value of £13,033.45 ($16,626.42).

About Bunzl

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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