Shore Capital reiterated their buy rating on shares of Bunzl (LON:BNZL – Free Report) in a research report released on Thursday, Marketbeat Ratings reports.
Several other analysts also recently commented on BNZL. JPMorgan Chase & Co. increased their price objective on shares of Bunzl from GBX 3,300 ($42.85) to GBX 3,380 ($43.88) and gave the company a “neutral” rating in a research report on Friday, June 28th. Royal Bank of Canada upgraded shares of Bunzl to a “sector perform” rating and upped their target price for the stock from GBX 2,700 ($35.06) to GBX 3,350 ($43.50) in a research note on Thursday, August 29th. Jefferies Financial Group raised their price target on shares of Bunzl from GBX 2,600 ($33.76) to GBX 2,800 ($36.35) and gave the company an “underperform” rating in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 3,200 ($41.55) price objective on shares of Bunzl in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Bunzl presently has a consensus rating of “Hold” and a consensus target price of GBX 3,182.50 ($41.32).
Check Out Our Latest Stock Analysis on Bunzl
Bunzl Trading Down 0.8 %
Bunzl Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, November 14th will be issued a dividend of GBX 20.10 ($0.26) per share. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, November 14th. Bunzl’s payout ratio is presently 4,827.59%.
Insider Transactions at Bunzl
In related news, insider Jacky Simmonds acquired 1,445 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were bought at an average price of GBX 3,462 ($44.95) per share, for a total transaction of £50,025.90 ($64,951.83). Company insiders own 0.84% of the company’s stock.
Bunzl Company Profile
Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.
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