Bunzl plc -11.5% potential downside indicated by RBC Capital Markets

Bunzl plc with ticker (LON:BNZL) now has a potential downside of -11.5% according to RBC Capital Markets.



RBC Capital Markets set a target price of 2,550 GBX for the company, which when compared to the Bunzl plc share price of 2,881 GBX at opening today (01/08/2023) indicates a potential downside of -11.5%. Trading has ranged between 2,603 (52 week low) and 3,249 (52 week high) with an average of 480,739 shares exchanging hands daily. The market capitalisation at the time of writing is £9,726,440,177.

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.