Bunzl plc (LON:BNZL – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 2,642 and last traded at GBX 2,628, with a volume of 3506999 shares. The stock had previously closed at GBX 2,602.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on BNZL. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,900 price target on shares of Bunzl in a research note on Tuesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,200 target price on shares of Bunzl in a research note on Tuesday, March 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a GBX 2,350 target price on shares of Bunzl in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bunzl has an average rating of “Reduce” and a consensus price target of GBX 2,338.
Read Our Latest Stock Analysis on Bunzl
Bunzl Trading Up 1.0%
Insider Activity
In related news, insider Frank van Zanten sold 15,000 shares of Bunzl stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total transaction of £359,100. Corporate insiders own 0.48% of the company’s stock.
About Bunzl
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. It also provides food packaging, disposable tableware, guest amenities, catering equipment, agricultural supplies, cleaning and hygiene products, and safety items to hotels, restaurants, contract caterers, food processors, commercial growers, and the leisure sector; and gloves, boots, hard hats, ear and eye protection, and other workwear, as well as cleaning and hygiene supplies, and asset protection products to industrial and construction, and ecommerce sectors.
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