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Home / Ranges / Bunzl (BNZL.L) 14-01-20

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

Bunzl (BNZL.L) 14-01-20

Will Bunzl (BNZL.L) break the range resistance or continue down to retest the 1978p support?(-6%)

 

  • Currently close to the 2128p level. Now 2112p (at time of writing).
  • The range has the potential to appeal to short sellers.
  • The price is again testing the upper end of the range.
  • Will the pattern repeat and drive the price to the lows at 1978p? (-6%).
  • Traders should be mindful of breaking news. Check news outlets for updates.
  • Shares -17% from 12-month highs; +8% from 12 month lows.

Latest News

10 Jan:  RBC Capital Markets reiterates its underperform rating on Bunzl (BNZL) and reduced the target price to 1700p (from 1800p).

09 Jan:  Bunzl, the distribution and services group,  announced that it had taken over Joshen Paper & Packaging to expand its US operations.

08 Jan:  UBS reiterates its neutral rating on Bunzl (BNZL) and reduced the target price to 2150p (from 2250p).

19 Dec:  Goldman Sachs reiterates its buy rating on Bunzl (BNZL) and reduced the target price to 2450p (from 2500p).

17 Dec:  JP Morgan Cazenove reiterates its neutral rating on Bunzl (BNZL) and reduced the target price to 2340p (from 2410p).

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

 

Click to enlarge

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