Bunzl (LON:BNZL) Sets New 12-Month Low – Should You Sell?

Bunzl plc (LON:BNZL) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 2,190 and last traded at GBX 2,194, with a volume of 1646012 shares trading hands. The stock had previously closed at GBX 2,214.

Wall Street Analysts Forecast Growth

BNZL has been the topic of several recent research reports. UBS Group reiterated a “sell” rating and issued a GBX 2,200 price objective on shares of Bunzl in a research note on Friday, October 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,350 price target on shares of Bunzl in a research report on Wednesday. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,900 price objective on shares of Bunzl in a research report on Thursday, October 9th. Finally, Shore Capital reaffirmed a “buy” rating and issued a GBX 3,040 target price on shares of Bunzl in a report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 2,728.

Bunzl Stock Performance

The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. The business’s 50 day moving average is GBX 2,397.24 and its two-hundred day moving average is GBX 2,367.42. The company has a market cap of £7.06 billion, a PE ratio of 15.06, a PEG ratio of 5.40 and a beta of 0.45.

Bunzl (LON:BNZL) last issued its quarterly 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%. On average, equities research analysts anticipate that Bunzl plc 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.