Bunzl plc (LON:BNZL) Receives GBX 6,407.14 Consensus Price Target from Analysts

Bunzl plc (LON:BNZL) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 6,407.14.

A number of equities research analysts recently weighed in on BNZL shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,600 price target on shares of Bunzl in a research report on Tuesday, September 1st. Citigroup boosted their target price on shares of Bunzl from £280 to £300 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 3,000 price target on shares of Bunzl in a report on Wednesday, September 2nd. JPMorgan Chase & Co. raised their price objective on Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,900 price objective on shares of Bunzl in a report on Tuesday, September 1st.

Insider Activity

In other news, insider Frank van Zanten sold 368 shares of the company’s stock in a transaction on Monday, September 7th. The stock was sold at an average price of GBX 2,662, for a total value of £9,796.16. 0.38% of the stock is owned by corporate insiders.

Bunzl Trading Down 1.1%

BNZL opened at GBX 2,630 on Monday. The company has a debt-to-equity ratio of 95.61, a quick ratio of 0.73 and a current ratio of 1.38. Bunzl has a one year low of GBX 1,981 and a one year high of GBX 2,898. The company has a market cap of £8.45 billion, a P/E ratio of 17.42, a PEG ratio of 5.40 and a beta of 0.32. The business’s 50-day simple moving average is GBX 2,744.65 and its 200-day simple moving average is GBX 2,493.30.

Bunzl (LON:BNZL) last posted its earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. As a group, equities research analysts expect that Bunzl will post 213.3413462 EPS for the current fiscal year.

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.