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 report released on Thursday, Marketbeat.com reports. Jefferies Financial Group currently has an underperform rating on the stock.
BNZL has been the subject of several other research reports. Shore Capital reiterated a buy rating on shares of Bunzl in a research report on Tuesday, August 27th. JPMorgan Chase & Co. raised 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. Royal Bank of Canada raised shares of Bunzl to a sector perform rating and lifted their price target 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 reiterated a hold rating and set a GBX 3,200 ($42.08) price objective on shares of Bunzl in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Bunzl currently has a consensus rating of Hold and a consensus price target of GBX 3,182.50 ($41.85).
Read Our Latest Stock Report on BNZL
Bunzl Stock Performance
Bunzl Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, November 14th will be paid a GBX 20.10 ($0.26) dividend. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, November 14th. Bunzl’s dividend payout ratio is presently 4,358.97%.
Insider Activity
In other Bunzl news, insider Jacky Simmonds purchased 1,445 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average price of GBX 3,462 ($45.52) per share, for a total transaction of £50,025.90 ($65,780.28). Insiders own 0.84% 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.
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