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Bunzl plc 18.1% Potential Decrease Indicated by Morgan Stanley

Broker Ratings
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Bunzl plc using EPIC/TICKER code (LON:BNZL) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Morgan Stanley. Bunzl plc are listed in the Industrials sector within UK Main Market. Morgan Stanley have set their target price at 1720 GBX on its stock. This would indicate that the analyst believes there is a downside of -18.1% from today’s opening price of 2101 GBX. Over the last 30 and 90 trading days the company share price has increased 296 points and increased 771 points respectively. The 1 year high stock price is 2199 GBX while the year low share price is currently 1242 GBX.

Bunzl plc has a 50 day moving average of 1,847.41 GBX and the 200 Day Moving Average price is recorded at 1,950.09. There are currently 336,825,338 shares in issue with the average daily volume traded being 950,921. Market capitalisation for LON:BNZL is £7,083,436,858 GBP.

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