Bunzl (BNZL) Shares Down 1.7%

Shares of Bunzl plc (LON:BNZL) fell 1.7% during trading on Monday . The company traded as low as GBX 1,998.50 ($27.61) and last traded at GBX 2,000 ($27.63). 485,420 shares traded hands during trading, a decline of 55% from the average session volume of 1,090,000 shares. The stock had previously closed at GBX 2,034 ($28.10).

A number of brokerages recently commented on BNZL. Goldman Sachs Group restated a “buy” rating and set a GBX 2,500 ($34.54) price target on shares of Bunzl in a research note on Wednesday, January 24th. Deutsche Bank upped their price target on shares of Bunzl from GBX 2,540 ($35.09) to GBX 2,630 ($36.34) and gave the company a “buy” rating in a research note on Friday, January 12th. Shore Capital restated a “buy” rating on shares of Bunzl in a research note on Thursday, January 11th. Credit Suisse Group upped their price target on shares of Bunzl from GBX 2,400 ($33.16) to GBX 2,470 ($34.13) and gave the company an “outperform” rating in a research note on Monday, January 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Bunzl from GBX 2,505 ($34.61) to GBX 2,516 ($34.76) and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,378.82 ($32.87).

The company has a market cap of $6,720.00 and a P/E ratio of 2,325.58.

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About Bunzl

Bunzl plc is engaged in the distribution and outsourcing service. It supplies a range of non-food products to a range of market sectors. Its segments include North America, Continental Europe, UK & Ireland, and Rest of the World. It serves six market sectors, including foodservice, which offers non-food consumables, including food packaging and guest amenities, to hotels and restaurants, among others; grocery, which includes foods not for resale, including films and labels, to grocery stores and supermarkets, among others; cleaning and hygiene, which offers materials, including chemicals and hygiene paper, to cleaning and facilities management companies, among others; safety, which offers personal protection equipment, to industrial and construction markets; retail, which includes goods not for resale, such as packaging and other store supplies, and healthcare, which offers disposable healthcare consumables, including gloves and bandages, to hospitals and care homes, among others.

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