Shares of Bunzl plc (LON:BNZL) have received a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,345 ($30.55).
Several brokerages have commented on BNZL. UBS Group boosted their price target on shares of Bunzl from GBX 2,200 ($28.66) to GBX 2,300 ($29.96) and gave the stock a “neutral” rating in a research note on Wednesday, July 4th. JPMorgan Chase & Co. boosted their price target on shares of Bunzl from GBX 2,609 ($33.98) to GBX 2,630 ($34.26) and gave the stock a “neutral” rating in a research note on Wednesday, August 29th. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,350 ($30.61) price target on shares of Bunzl in a research note on Tuesday, August 28th. Goldman Sachs Group boosted their price target on shares of Bunzl from GBX 2,500 ($32.56) to GBX 2,550 ($33.22) and gave the stock a “neutral” rating in a research note on Tuesday, September 11th. Finally, Shore Capital reiterated a “buy” rating on shares of Bunzl in a research note on Friday, August 17th.
In other Bunzl news, insider Paul Nicholas Hussey sold 12,600 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of GBX 2,370 ($30.87), for a total value of £298,620 ($388,980.07). Also, insider Patrick Larmon sold 28,500 shares of the business’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of GBX 2,404 ($31.31), for a total transaction of £685,140 ($892,457.99).
Shares of BNZL traded up GBX 2 ($0.03) during trading hours on Friday, reaching GBX 2,415 ($31.46). 624,036 shares of the stock traded hands, compared to its average volume of 1,290,000. Bunzl has a 52-week low of GBX 1,918.50 ($24.99) and a 52-week high of GBX 2,472 ($32.20).
Bunzl (LON:BNZL) last released its earnings results on Tuesday, August 28th. The company reported GBX 59.40 ($0.77) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 59.10 ($0.77) by GBX 0.30 ($0.00). Bunzl had a net margin of 4.01% and a return on equity of 26.17%.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Thursday, November 15th will be given a GBX 15.20 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a yield of 0.64%.
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.
See Also: Return on Equity (ROE)
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