Rating On Watch: Bunzl (LON:BNZL) Neutral Rating Reiterated by Analysts at JP Morgan Cazenove; With GBX 2505.00 Target

November 24, 2016 - By Peter Kolinski

Bunzl (LON:BNZL) Rating

They currently have a GBX 2505.00 price target on Bunzl (LON:BNZL). JP Morgan Cazenove’s target would suggest a potential upside of 23.70% from the company’s close price. This was released in a research report on Thursday, 24 November.

Bunzl plc (LON:BNZL) Ratings Coverage

Out of 19 analysts covering Bunzl PLC (LON:BNZL), 3 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 16% are positive. GBX 2520 is the highest target while GBX 1660 is the lowest. The GBX 2223.41 average target is 9.63% above today’s (GBX 2028.17) stock price. Bunzl PLC has been the topic of 95 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Tuesday, September 6, the company rating was maintained by RBC Capital Markets. BNP Paribas downgraded the stock to “Neutral” rating in Friday, July 1 report. Deutsche Bank maintained Bunzl plc (LON:BNZL) rating on Thursday, October 22. Deutsche Bank has “Buy” rating and GBX 1955 price target. UBS maintained the stock with “Neutral” rating in Friday, February 26 report. The firm earned “Hold” rating on Wednesday, October 26 by Canaccord Genuity. The firm earned “Buy” rating on Wednesday, August 31 by Deutsche Bank. JP Morgan maintained the stock with “Neutral” rating in Monday, August 24 report. JP Morgan maintained it with “Neutral” rating and GBX 1916 target price in Monday, November 9 report. The firm earned “Neutral” rating on Monday, April 11 by BNP Paribas. The firm earned “Neutral” rating on Tuesday, September 13 by JP Morgan.

About 283,153 shares traded hands. Bunzl plc (LON:BNZL) has declined 0.73% since April 26, 2016 and is downtrending. It has underperformed by 6.14% the S&P500.

Bunzl plc is engaged in the distribution and outsourcing service. The company has a market cap of 6.81 billion GBP. The Firm supplies a range of sourced non-food products to a range of market sectors in approximately 30 countries. It has a 28.27 P/E ratio. The Company’s divisions include North America, Continental Europe, the United Kingdom & Ireland, and Rest of the World.

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