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Home / Stocks and Markets at Lows / Bunzl (BNZL.L) 21-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Bunzl (BNZL.L) 21-10-19

Bunzl (BNZL.L) shares have fallen significantly from the most recent highs of 2551p. Will it continue, or is this an opportunity to pick some up?

 

  • A return to previous highs would represent a rise of 28%. Now at 1988.0p (at time of writing).
  • This is one of the biggest fallers of late.
  • Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -22% from 12-month highs; +1% from 12 month lows.

Latest News

04 Oct:  Berenberg reiterates its hold rating on Bunzl (BNZL) and increased the target price to 2350p (from 2250p).

29 Aug:  Barclays Capital reiterates its overweight rating on Bunzl (BNZL) and reduced the target price to 2400p (from 2550p).

27 Aug:  Bunzl, the outsourcing firm, posted a small improvement in profits as a slowing world economy dampened growth.

09 Aug:  Deutsche Bank reiterates its buy rating on Bunzl (BNZL) and reduced the target price to 2380p (from 2540p).

10 Jul:  UBS reiterates its neutral rating on Bunzl (BNZL) and reduced the target price to 2250p (from 2400p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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