Brokerages Set Bunzl plc (BNZL) Target Price at $2,322.80

Bunzl plc (LON:BNZL) has received an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 2,322.80 ($30.25).

Several research firms have weighed in on BNZL. Jefferies Group LLC downgraded shares of Bunzl plc to an “underperform” rating and decreased their price target for the company from GBX 2,230 ($29.04) to GBX 1,950 ($25.39) in a research note on Monday, May 22nd. HSBC Holdings plc downgraded shares of Bunzl plc to a “hold” rating and set a GBX 2,508 ($32.66) price target for the company. in a research note on Thursday, June 1st. Barclays PLC reissued an “overweight” rating and set a GBX 2,600 ($33.86) target price (up from GBX 2,550 ($33.21)) on shares of Bunzl plc in a research report on Thursday, June 15th. Deutsche Bank AG boosted their target price on shares of Bunzl plc from GBX 2,535 ($33.01) to GBX 2,575 ($33.53) and gave the stock a “buy” rating in a research report on Thursday, June 29th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 2,505 ($32.62) target price on shares of Bunzl plc in a research report on Thursday, April 20th.

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Bunzl plc (LON:BNZL) opened at 2275.00 on Monday. The firm’s market capitalization is GBX 7.49 billion. The company has a 50-day moving average of GBX 2,284.31 and a 200-day moving average of GBX 2,306.49. Bunzl plc has a 52 week low of GBX 1,963.00 and a 52 week high of GBX 2,587.89.

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