Bunzl (LON:BNZL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Bunzl (LON:BNZL) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from GBX 2,580 to GBX 2,610 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 1.29% from the company’s current price.

A number of other brokerages have also recently issued reports on BNZL. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,900 target price on shares of Bunzl in a report on Tuesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,200 price target on shares of Bunzl in a research note on Tuesday, March 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a GBX 2,350 price target on shares of Bunzl in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 2,383.33.

Bunzl Stock Up 1.6%

Shares of Bunzl stock opened at GBX 2,644 on Wednesday. The business has a fifty day simple moving average of GBX 2,416.37 and a 200 day simple moving average of GBX 2,242.50. The stock has a market cap of £8.49 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81. Bunzl has a 12 month low of GBX 1,981 and a 12 month high of GBX 2,654.

Insider Activity at Bunzl

In related news, insider Frank van Zanten sold 15,000 shares of the firm’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. 0.48% of the stock is currently owned by corporate insiders.

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.