Shore Capital reissued their buy rating on shares of Bunzl (LON:BNZL – Free Report) in a research note released on Thursday morning, Marketbeat Ratings reports.
BNZL has been the topic of several other research reports. Jefferies Financial Group upped their price target on Bunzl from GBX 2,600 ($33.76) to GBX 2,800 ($36.35) and gave the company an “underperform” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 3,200 ($41.55) price target on shares of Bunzl in a report on Friday, June 28th. JPMorgan Chase & Co. lifted their price target on shares of Bunzl from GBX 3,300 ($42.85) to GBX 3,380 ($43.88) and gave the company a “neutral” rating in a research note on Friday, June 28th. Finally, Royal Bank of Canada raised Bunzl to a “sector perform” rating and increased their price objective for the company from GBX 2,700 ($35.06) to GBX 3,350 ($43.50) in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Bunzl presently has an average rating of “Hold” and an average target price of GBX 3,182.50 ($41.32).
View Our Latest Report on Bunzl
Bunzl Price Performance
Bunzl Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, November 14th will be issued a dividend of GBX 20.10 ($0.26) per share. The ex-dividend date is Thursday, November 14th. This represents a dividend yield of 0.57%. Bunzl’s dividend payout ratio (DPR) is currently 4,827.59%.
Insider Buying and Selling
In related news, insider Jacky Simmonds purchased 1,445 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were bought at an average cost of GBX 3,462 ($44.95) per share, with a total value of £50,025.90 ($64,951.83). 0.84% of the stock is owned by corporate insiders.
Bunzl Company Profile
Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.
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