Rating To Observe: Bunzl PLC (LON:BNZL) Stock Neutral Rating Maintained at JP Morgan Cazenove; The Price Objective is GBX 2505.00

November 24, 2016 - By Richard Conner

Bunzl PLC (LON:BNZL) Rating

In a report made public on Thursday morning, Bunzl PLC (LON:BNZL) stock Neutral was restate at JP Morgan Cazenove. They currently have a GBX 2505.00 target price per share on the stock. JP Morgan Cazenove’s target price per share would suggest a potential upside of 23.31% from the company’s current price.

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 9.91% above today’s (GBX 2023) stock price. Bunzl PLC has been the topic of 95 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by BNP Paribas given on Monday, August 22. The firm has “Hold” rating by Jefferies given on Friday, December 18. Deutsche Bank maintained the shares of BNZL in a report on Tuesday, March 1 with “Buy” rating. On Friday, May 6 the stock rating was maintained by Citigroup with “Buy”. The company was maintained on Tuesday, August 25 by Deutsche Bank. BNP Paribas maintained the stock with “Neutral” rating in Monday, July 4 report. The rating was maintained by BNP Paribas with “Neutral” on Monday, September 12. The stock has “Outperform” rating given by BNP Paribas on Wednesday, April 13. The firm earned “Neutral” rating on Thursday, November 24 by JP Morgan. The rating was maintained by JP Morgan on Thursday, October 22 with “Neutral”.

About 125,513 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 6.79 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 28.19 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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