Brokerages Set Berendsen PLC (BRSN) PT at $956.82

Shares of Berendsen PLC (LON:BRSN) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 956.82 ($12.10).

Several research firms recently commented on BRSN. BNP Paribas downgraded Berendsen PLC to a “neutral” rating and set a GBX 1,217 ($15.40) price objective for the company. in a research note on Friday. Peel Hunt increased their price objective on Berendsen PLC from GBX 908 ($11.49) to GBX 1,250 ($15.81) and gave the company an “add” rating in a research note on Thursday, June 8th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 1,164 ($14.72) price objective on shares of Berendsen PLC in a research note on Monday, May 22nd. HSBC Holdings plc downgraded Berendsen PLC to a “hold” rating and reduced their price objective for the company from GBX 1,070 ($13.54) to GBX 940 ($11.89) in a research note on Friday, March 3rd. Finally, Morgan Stanley downgraded Berendsen PLC to an “underweight” rating and reduced their price objective for the company from GBX 950 ($12.02) to GBX 645 ($8.16) in a research note on Friday, April 28th.

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In related news, insider Iain Ferguson bought 10,000 shares of the business’s stock in a transaction on Friday, March 24th. The stock was acquired at an average cost of GBX 785 ($9.93) per share, with a total value of £78,500 ($99,304.24).

Berendsen PLC (BRSN) traded up 0.25% on Tuesday, hitting GBX 1193.00. 3,785,906 shares of the company were exchanged. The stock’s 50-day moving average price is GBX 1,022.72 and its 200-day moving average price is GBX 884.82. The stock’s market capitalization is GBX 2.04 billion. Berendsen PLC has a 52-week low of GBX 722.00 and a 52-week high of GBX 1,371.00.

About Berendsen PLC

Berendsen plc is a focused European textile, hygiene and safety solutions business. The Company operates through Workwear, Facility, Healthcare and Hospitality segments. It provides outsourced workwear services to 80,000 customers across Europe. Its services include workwear design, rental and delivery, repair, stockholding and stock management, including specialized garment dispensing systems.

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