RBC Capital Reaffirms Their Buy Rating on Bunzl plc (BNZL)

RBC Capital analyst Karl Green CFA maintained a Buy rating on Bunzl plc (BNZL – Research Report) on March 14 and set a price target of p4,000.00. The company’s shares closed last Friday at p2,944.00.

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According to TipRanks, Green CFA is ranked #8615 out of 9369 analysts.

Bunzl plc has an analyst consensus of Moderate Buy, with a price target consensus of p3,511.88, implying a 19.29% upside from current levels. In a report released on March 5, Peel Hunt also upgraded the stock to a Buy with a p3,500.00 price target.

Based on Bunzl plc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p5.71 billion and a net profit of p198.7 million. In comparison, last year the company earned a revenue of p5.91 billion and had a net profit of p237.2 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BNZL in relation to earlier this year.