Bunzl (BNZL) Price Target Raised to GBX 2,630 at Deutsche Bank

Bunzl (LON:BNZL) had its price target hoisted by stock analysts at Deutsche Bank from GBX 2,540 ($34.45) to GBX 2,630 ($35.67) in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 28.29% from the company’s current price.

BNZL has been the topic of several other research reports. Berenberg Bank initiated coverage on Bunzl in a report on Friday, November 17th. They issued a “hold” rating and a GBX 2,250 ($30.51) target price on the stock. Shore Capital reissued a “buy” rating on shares of Bunzl in a report on Monday, November 13th. Credit Suisse Group raised Bunzl to an “outperform” rating and increased their target price for the company from GBX 2,290 ($31.06) to GBX 2,400 ($32.55) in a report on Wednesday, January 3rd. Jefferies Group lowered Bunzl to an “underperform” rating and set a GBX 2,000 ($27.12) target price on the stock. in a report on Thursday, September 28th. Finally, JPMorgan Chase & Co. increased their target price on Bunzl from GBX 2,505 ($33.97) to GBX 2,516 ($34.12) and gave the company a “neutral” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Bunzl presently has an average rating of “Hold” and a consensus price target of GBX 2,350.40 ($31.87).

Shares of Bunzl (LON BNZL) opened at GBX 2,050 ($27.80) on Friday. Bunzl has a 12-month low of GBX 1,999.20 ($27.11) and a 12-month high of GBX 2,472 ($33.52). The firm has a market capitalization of $6,890.00 and a price-to-earnings ratio of 2,383.72.

In other news, 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 price of GBX 2,135 ($28.95) per share, with a total value of £192,150 ($260,577.71).

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