Bunzl plc with ticker (LON:BNZL) now has a potential downside of -9.6% according to RBC Capital Markets.
RBC Capital Markets set a target price of 2,600 GBX for the company, which when compared to the Bunzl plc share price of 2,876 GBX at opening today (19/09/2023) indicates a potential downside of -9.6%. Trading has ranged between 2,603 (52 week low) and 3,226 (52 week high) with an average of 610,882 shares exchanging hands daily. The market capitalisation at the time of writing is £9,756,945,618.
Bunzl plc is a United Kingdom-based specialist international distribution and services company. The Company’s segments include North America, Continental Europe, UK & Ireland and Rest of the World. It provides a one-stop-shop, on-time and in-full specialist distribution service across 31 countries, supplying a range of internationally and responsibly sourced non-food products to a variety of market sectors, including grocery, cleaning and hygiene, foodservice, retail, safety, healthcare and others. It offers non-food consumables, including food packaging, disposable tableware, guest amenities, catering equipment, agricultural supplies, cleaning and hygiene products and safety items, to hotels, restaurants, contract caterers, food processors, commercial growers and the leisure sector. It also offers goods-not-for-resale, including food packaging, films, labels, cleaning and hygiene supplies and personal protection equipment to grocery stores, supermarkets and convenience stores.
Bunzl plc -9.6% potential downside indicated by RBC Capital Markets
- Written by: Charlotte Edwards
Latest Company News
Bunzl plc has reaffirmed its 2025 adjusted operating profit guidance ahead of entering its closed period, with group revenue expected to grow by 2% to 3% at constant exchange rates.
Bunzl plc has reported a 0.6% increase in Q3 revenue at constant exchange rates, with underlying revenue up 0.4% despite challenging market conditions.
Bunzl =has completed the acquisitions of Caterline Catering Equipment Ltd in Ireland and Anta y Jesús, S.L.U in Spain, each generating revenue of €6 million (£5 million) in 2024.
Bunzl has announced the completion of two new acquisitions, Quindesur in Spain and Gisa in Mexico, alongside the previously disclosed purchases of Solupack in Brazil and Hospitalia in Chile.
Bunzl plc expands its global footprint with acquisitions in Chile and the Netherlands, strengthening its presence in the healthcare distribution sector.
Bunzl plc provides a trading update for Q1 2025, revealing challenges in North America, revenue growth shifts, and a revised outlook for the year ahead.
