Analysts Set Bunzl plc (LON:BNZL) Price Target at GBX 5,956.25

Bunzl plc (LON:BNZL) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 5,956.25.

Several analysts recently weighed in on BNZL shares. Royal Bank Of Canada lifted their price objective on Bunzl from GBX 2,200 to GBX 2,600 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,900 target price on shares of Bunzl in a report on Tuesday, June 23rd. Stifel Nicolaus reissued a “hold” rating and set a GBX 2,350 target price on shares of Bunzl in a research report on Wednesday, April 22nd. Citigroup boosted their price target on shares of Bunzl from £280 to £300 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,950 price target on shares of Bunzl in a research report on Wednesday, June 24th.

Bunzl Price Performance

Shares of BNZL stock opened at GBX 2,722 on Friday. Bunzl has a twelve month low of GBX 1,981 and a twelve month high of GBX 2,800. The stock has a market capitalization of £8.74 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 5.40 and a beta of 0.32. The stock has a fifty day simple moving average of GBX 2,549.55 and a two-hundred day simple moving average of GBX 2,329.80. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81.

Insider Buying and Selling

In other Bunzl news, insider Frank van Zanten sold 15,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 2,394, for a total transaction of £359,100. 0.38% of the stock is owned by company insiders.

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.