Bunzl (LON:BNZL) Price Target Raised to £300 at Citigroup

Bunzl (LON:BNZL) had its price objective hoisted by Citigroup from £280 to £300 in a research note issued to investors on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,950 target price on shares of Bunzl in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,900 price objective on shares of Bunzl in a research note on Tuesday. Stifel Nicolaus reiterated a “hold” rating and set a GBX 2,350 price objective on shares of Bunzl in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,200 target price on shares of Bunzl in a research note on Tuesday, March 10th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 5,906.25.

Bunzl Price Performance

Shares of BNZL opened at GBX 2,668 on Thursday. The business has a 50-day moving average of GBX 2,422.90 and a 200-day moving average of GBX 2,246.14. The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73. The company has a market capitalization of £8.57 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. Bunzl has a 1 year low of GBX 1,981 and a 1 year high of GBX 2,686.

Insider Buying and Selling

In related news, insider Frank van Zanten sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of GBX 2,394, for a total transaction of £359,100. 0.48% of the stock is owned by corporate insiders.

Bunzl Company Profile

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. It also provides 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; and gloves, boots, hard hats, ear and eye protection, and other workwear, as well as cleaning and hygiene supplies, and asset protection products to industrial and construction, and ecommerce sectors.