Bunzl plc (LON:BNZL – Get Free Report)’s stock price traded up 0.3% on Wednesday . The company traded as high as GBX 3,485.02 ($45.96) and last traded at GBX 3,480 ($45.89). 20,521,859 shares changed hands during mid-day trading, an increase of 2,693% from the average session volume of 734,844 shares. The stock had previously closed at GBX 3,470 ($45.76).
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of Bunzl to a “sector perform” rating and increased their price objective for the stock from GBX 2,700 ($35.61) to GBX 3,350 ($44.18) in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 3,200 ($42.20) price objective on shares of Bunzl in a research note on Friday, June 28th. JPMorgan Chase & Co. increased their price objective on shares of Bunzl from GBX 3,300 ($43.52) to GBX 3,380 ($44.57) and gave the stock a “neutral” rating in a research note on Friday, June 28th. Finally, Shore Capital restated a “buy” rating on shares of Bunzl in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 3,282.50 ($43.29).
Read Our Latest Research Report on Bunzl
Bunzl Trading Up 0.1 %
Insider Activity at Bunzl
In related news, insider Jacky Simmonds acquired 1,445 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were acquired at an average cost of GBX 3,462 ($45.65) per share, with a total value of £50,025.90 ($65,971.12). 0.84% of the stock is owned by company 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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