Bunzl plc (LON:BNZL) Receives Consensus Recommendation of “Hold” from Analysts

Bunzl plc (LON:BNZL) has been given an average rating of “Hold” by the eight analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 5,962.50.

BNZL has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut shares of Bunzl to a “hold” rating and raised their price target for the stock from GBX 2,950 to GBX 3,000 in a research note on Wednesday, August 12th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. increased their price objective on Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Citigroup raised their target price on shares of Bunzl from £280 to £300 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada upped their price target on shares of Bunzl from GBX 2,200 to GBX 2,600 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th.

Bunzl Trading Down 0.2%

BNZL opened at GBX 2,752 on Thursday. The stock has a market capitalization of £8.84 billion, a P/E ratio of 19.53, a P/E/G ratio of 5.40 and a beta of 0.32. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81. Bunzl has a 12 month low of GBX 1,981 and a 12 month high of GBX 2,886. The firm’s fifty day simple moving average is GBX 2,689.83 and its 200 day simple moving average is GBX 2,418.55.

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. 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.