Bunzl (BNZL) Receives “Buy” Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Bunzl (LON:BNZL) in a research note issued to investors on Thursday morning.

Several other equities research analysts have also issued reports on BNZL. Deutsche Bank reduced their price target on Bunzl from GBX 2,590 ($34.86) to GBX 2,540 ($34.19) and set a buy rating for the company in a report on Thursday, September 28th. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 2,505 ($33.71) price target on shares of Bunzl in a report on Thursday, September 28th. Beaufort Securities reiterated a hold rating on shares of Bunzl in a report on Wednesday, August 30th. Jefferies Group lowered Bunzl to an underperform rating and set a GBX 2,000 ($26.92) price target for the company. in a report on Thursday, September 28th. Finally, Berenberg Bank began coverage on Bunzl in a report on Friday, November 17th. They set a hold rating and a GBX 2,250 ($30.28) price target for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 2,321.40 ($31.24).

Shares of Bunzl (LON:BNZL) traded down GBX 3 ($0.04) during mid-day trading on Thursday, reaching GBX 2,016 ($27.13). 1,331,772 shares of the company’s stock were exchanged, compared to its average volume of 1,100,000. Bunzl has a 1-year low of GBX 2,007 ($27.01) and a 1-year high of GBX 2,472 ($33.27).

In other news, insider Lloyd Pitchford acquired 3,000 shares of the stock in a transaction dated Friday, September 22nd. The shares were acquired at an average cost of GBX 2,205 ($29.68) per share, for a total transaction of £66,150 ($89,030.96). Also, insider Frank van Zanten acquired 9,000 shares of the stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of GBX 2,135 ($28.73) per share, for a total transaction of £192,150 ($258,613.73).

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