Shore Capital Reiterates “Buy” Rating for Bunzl (BNZL)

Shore Capital reiterated their buy rating on shares of Bunzl (LON:BNZL) in a research note published on Thursday.

Other analysts also recently issued reports about the stock. Deutsche Bank reissued a buy rating and set a GBX 2,540 ($34.45) price objective on shares of Bunzl in a research report on Thursday, November 16th. Berenberg Bank started coverage on shares of Bunzl in a research report on Friday, November 17th. They set a hold rating and a GBX 2,250 ($30.51) price objective on the stock. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 2,505 ($33.97) price objective on shares of Bunzl in a research report on Thursday, September 28th. Credit Suisse Group raised shares of Bunzl to an outperform rating and increased their price objective for the company from GBX 2,290 ($31.06) to GBX 2,400 ($32.55) in a research report on Wednesday, January 3rd. Finally, Jefferies Group downgraded shares of Bunzl to an underperform rating and set a GBX 2,000 ($27.12) price target on the stock. in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Bunzl has a consensus rating of Hold and an average price target of GBX 2,359.70 ($32.00).

Shares of Bunzl (LON BNZL) traded down GBX 9 ($0.12) during mid-day trading on Thursday, reaching GBX 2,041 ($27.68). 1,378,027 shares of the company traded hands, compared to its average volume of 894,925. Bunzl has a one year low of GBX 1,999.20 ($27.11) and a one year high of GBX 2,472 ($33.52). The stock has a market cap of $6,860.00 and a P/E ratio of 2,373.26.

In related news, insider Frank van Zanten purchased 9,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased 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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