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Bunzl plc (BNZL) was downgraded to a Hold Rating at Barclays

Tipranks - Fri Mar 20, 1:26AM CDT

Bunzl plc received a Hold rating and a price target from Barclays analyst James Rose today.

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According to TipRanks, Rose is a 4-star analyst with an average return of 7.0% and a 54.49% success rate. Rose covers the Industrials sector, focusing on stocks such as Experian, Rentokil Initial, and Capita plc.

In addition to Barclays, Bunzl plc also received a Hold from RBC Capital’s Karl Green CFA in a report issued on March 9. However, on March 4, TipRanks – xAI upgraded Bunzl plc (LSE: BNZL) to a Buy.

Based on Bunzl plc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p8.97 billion and a net profit of p368.25 million. In comparison, last year the company earned a revenue of p6.06 billion and had a net profit of p301.7 million

Based on the recent corporate insider activity of 47 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.

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