Bunzl’s (BNZL) “Sector perform” Rating Reiterated at Royal Bank Of Canada

Bunzl (LON:BNZL)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 2,350 price objective on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 4.82% from the company’s previous close.

Several other equities analysts also recently commented on BNZL. UBS Group restated a “sell” rating and issued a GBX 2,200 price target on shares of Bunzl in a research note on Friday, October 17th. Shore Capital reissued a “buy” rating and set a GBX 3,040 target price on shares of Bunzl in a research note on Tuesday, August 26th. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 1,900 price target on shares of Bunzl in a report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 2,728.

Bunzl Trading Down 0.4%

Shares of LON BNZL traded down GBX 8 during trading on Wednesday, hitting GBX 2,242. 746,739 shares of the company were exchanged, compared to its average volume of 2,165,494. The company has a fifty day moving average price of GBX 2,410.52 and a 200-day moving average price of GBX 2,369.38. 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 firm has a market capitalization of £7.23 billion, a PE ratio of 15.42, a P/E/G ratio of 5.40 and a beta of 0.45. Bunzl has a 12-month low of GBX 2,190 and a 12-month high of GBX 3,622.

Bunzl (LON:BNZL) last posted its earnings results on Tuesday, August 26th. The company reported GBX 77.80 earnings per share (EPS) for the quarter. Bunzl had a return on equity of 16.82% and a net margin of 4.20%. As a group, equities research analysts expect that Bunzl will post 213.3413462 EPS for the current year.

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.