Bunzl (BNZL) Shares Down 0.1%

Bunzl plc (LON:BNZL)’s share price dropped 0.1% on Thursday . The stock traded as low as GBX 2,045 ($27.52) and last traded at GBX 2,058 ($27.70). Approximately 689,473 shares traded hands during trading, a decline of 43% from the average daily volume of 1,200,000 shares. The stock had previously closed at GBX 2,060 ($27.73).

BNZL has been the topic of several research analyst reports. Berenberg Bank initiated coverage on Bunzl in a report on Friday, November 17th. They set a “hold” rating and a GBX 2,250 ($30.28) price target on the stock. J P Morgan Chase & Co increased their price target on Bunzl from GBX 2,505 ($33.71) to GBX 2,516 ($33.86) and gave the company a “neutral” rating in a report on Wednesday, October 25th. Shore Capital reissued a “buy” rating on shares of Bunzl in a report on Monday, November 13th. Jefferies Group cut Bunzl to an “underperform” rating and set a GBX 2,000 ($26.92) price target on the stock. in a report on Thursday, September 28th. Finally, Deutsche Bank restated a “buy” rating and issued a GBX 2,540 ($34.19) price objective on shares of Bunzl in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 2,334.89 ($31.43).

The stock has a market capitalization of $6,960.00 and a P/E ratio of 2,401.16.

In other Bunzl news, insider Brian May sold 9,670 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of GBX 2,303 ($31.00), for a total transaction of £222,700.10 ($299,730.96). Also, insider Frank van Zanten acquired 9,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of GBX 2,135 ($28.73) per share, with a total value of £192,150 ($258,613.73).

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