Bunzl (LON:BNZL) Hits New 1-Year Low – What’s Next?

Shares of Bunzl plc (LON:BNZL) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 2,050 and last traded at GBX 2,138, with a volume of 7915530 shares trading hands. The stock had previously closed at GBX 2,220.

Analyst Ratings Changes

A number of brokerages recently weighed in on BNZL. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,900 price target on shares of Bunzl in a research report on Thursday, October 9th. Shore Capital reaffirmed a “buy” rating and issued a GBX 3,040 target price on shares of Bunzl in a research note on Tuesday, August 26th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,350 target price on shares of Bunzl in a report on Wednesday, November 12th. Finally, UBS Group reissued a “sell” rating and set a GBX 2,200 price target on shares of Bunzl in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 2,372.50.

Bunzl Price Performance

The company has a 50-day moving average of GBX 2,262.01 and a 200-day moving average of GBX 2,322.82. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The firm has a market capitalization of £6.92 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

About Bunzl

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.