Bunzl (BNZL.L) 03-02-20
Will Bunzl (BNZL.L) shares break below the 1984p support zone, or will it return to highs of 2162p (+8%)?
- Currently trading around the 1984p support at 1991.5p (at time of writing).
- The support has proven robust to date. Will the pattern repeat?
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Will the share price bounce once again to recent highs of 2162p? (+8%).
- Technical traders should be mindful of news and developments. Check our website and the press for updates.
- Shares -21% from 12-month highs; +2% from 12 month lows.
Latest News
27 Jan: Berenberg has downgraded its rating on Bunzl (BNZL) to sell (from hold) and reduced the target price to 1650p (from 2350p).
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 it had taken over Joshen Paper & Packaging. The move expands its presence in the US expand its presence within the US grocery sector.
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).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires