Goldman Sachs Sticks to Hold on Bunzl plc Amid Mixed Analyst Views

Goldman Sachs has reaffirmed its Hold rating on Bunzl plc (LSE: BNZL) in a recent report, setting a price target of £3,000.00. This assessment comes after another analyst, Will Kirkness from Bernstein, also gave the company a Hold rating. However, J.P. Morgan deviated from this view by reiterating a Buy rating on Bunzl plc.

The company's latest earnings release for the quarter ending December 31 showed a quarterly revenue of £6.09 billion and a net profit of £368.25 million. This is compared to last year's revenue of £6.06 billion and net profit of £301.7 million.

Corporate insider activity also suggests a negative sentiment towards the stock, with 32 insiders selling their shares over the past quarter in comparison to earlier this year.