Bunzl (LON:BNZL) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Bunzl (LON:BNZL)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 2,950 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 11.83% from the stock’s previous close.

Several other equities analysts also recently weighed in on BNZL. Stifel Nicolaus reiterated a “hold” rating and set a GBX 2,350 target price on shares of Bunzl in a research report on Wednesday, April 22nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,200 price objective on shares of Bunzl in a report on Tuesday, March 10th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a report on Wednesday. Three 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’s stock. Based on data from MarketBeat, Bunzl has a consensus rating of “Hold” and a consensus target price of GBX 2,464.29.

Bunzl Stock Up 1.4%

BNZL stock opened at GBX 2,638 on Wednesday. The company has a 50 day moving average price of GBX 2,416.37 and a two-hundred day moving average price of GBX 2,242.50. The company has a debt-to-equity ratio of 103.81, a quick ratio of 0.73 and a current ratio of 1.39. The stock has a market capitalization of £8.47 billion, a P/E ratio of 18.72, a PEG ratio of 5.40 and a beta of 0.32. Bunzl has a one year low of GBX 1,981 and a one year high of GBX 2,654.

Insider Buying and Selling

In other news, insider Frank van Zanten sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of GBX 2,394, for a total value 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.