Bunzl (LON:BNZL) Issues Earnings Results

Bunzl (LON:BNZL) posted its earnings results on Monday. The company reported GBX 194.30 ($2.49) EPS for the quarter, Digital Look Earnings reports. Bunzl had a net margin of 4.20% and a return on equity of 16.82%.

Bunzl Trading Up 0.5 %

Shares of BNZL stock traded up GBX 14 ($0.18) during mid-day trading on Wednesday, hitting GBX 3,050 ($39.02). The company’s stock had a trading volume of 920,322 shares, compared to its average volume of 733,380. The company has a market cap of £9.97 billion, a PE ratio of 21.08, a P/E/G ratio of 5.40 and a beta of 0.45. 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 company’s fifty day simple moving average is GBX 3,355.07 and its 200-day simple moving average is GBX 3,424.63. Bunzl has a 52 week low of GBX 2,896 ($37.05) and a 52 week high of GBX 3,732 ($47.74).

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 2,800 ($35.82) price target on shares of Bunzl in a report on Tuesday, December 17th. Citigroup raised Bunzl to a “buy” rating in a report on Monday, January 13th. Shore Capital reissued a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. raised their price objective on Bunzl from GBX 3,980 ($50.91) to GBX 4,150 ($53.09) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 3,375 ($43.18).

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.