Shares of Bunzl plc (LON:BNZL) have been given an average rating of “Hold” by the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 2,481.25 ($32.42).

A number of equities research analysts have recently weighed in on BNZL shares. Royal Bank of Canada reissued an “underperform” rating on shares of Bunzl in a report on Friday, February 1st. Shore Capital reissued a “buy” rating on shares of Bunzl in a report on Wednesday, February 20th. UBS Group reissued a “neutral” rating on shares of Bunzl in a report on Tuesday, February 26th. Barclays boosted their price target on Bunzl from GBX 2,600 ($33.97) to GBX 2,700 ($35.28) and gave the company an “overweight” rating in a research note on Wednesday, February 27th. Finally, Jefferies Financial Group boosted their price target on Bunzl from GBX 1,650 ($21.56) to GBX 2,050 ($26.79) and gave the company an “underperform” rating in a research note on Tuesday, April 9th.

In other Bunzl news, insider Brian May sold 25,887 shares of Bunzl stock in a transaction dated Monday, March 4th. The stock was sold at an average price of GBX 2,411 ($31.50), for a total value of £624,135.57 ($815,543.67). Also, insider Frank van Zanten sold 8,190 shares of Bunzl stock in a transaction dated Friday, March 1st. The shares were sold at an average price of GBX 2,376 ($31.05), for a total value of £194,594.40 ($254,272.05).

Shares of BNZL traded up GBX 18 ($0.24) during midday trading on Wednesday, reaching GBX 2,530 ($33.06). 506,970 shares of the stock were exchanged, compared to its average volume of 1,290,000. Bunzl has a twelve month low of GBX 2,059 ($26.90) and a twelve month high of GBX 2,554 ($33.37). The company has a debt-to-equity ratio of 110.35, a quick ratio of 0.82 and a current ratio of 1.43. The company has a market capitalization of $8.44 billion and a P/E ratio of 25.87.

The business also recently declared a dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, May 23rd will be paid a GBX 35 ($0.46) dividend. This represents a yield of 1.38%. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Bunzl’s previous dividend of $15.20. Bunzl’s payout ratio is 0.51%.

About Bunzl

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.

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Analyst Recommendations for Bunzl (LON:BNZL)

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