Bunzl (LON:BNZL – Free Report) had its price target raised by Jefferies Financial Group from GBX 2,600 ($34.19) to GBX 2,800 ($36.82) in a research note released on Thursday, Marketbeat reports. They currently have an underperform rating on the stock.
Several other brokerages have also commented on BNZL. JPMorgan Chase & Co. upped their price target on shares of Bunzl from GBX 3,300 ($43.39) to GBX 3,380 ($44.44) and gave the stock a neutral rating in a research report on Friday, June 28th. Shore Capital restated a buy rating on shares of Bunzl in a report on Tuesday, August 27th. Royal Bank of Canada upgraded Bunzl to a sector perform rating and lifted their target price for the company from GBX 2,700 ($35.50) to GBX 3,350 ($44.05) in a report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft restated a hold rating and set a GBX 3,200 ($42.08) price target on shares of Bunzl in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average price target of GBX 3,182.50 ($41.85).
View Our Latest Analysis on BNZL
Bunzl Stock Performance
Bunzl Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, January 3rd. Investors 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 payout ratio is 4,358.97%.
Insider Buying and Selling
In related news, insider Jacky Simmonds bought 1,445 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were acquired at an average cost of GBX 3,462 ($45.52) per share, for a total transaction of £50,025.90 ($65,780.28). 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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