Bunzl plc (LON:BNZL) Given Average Recommendation of “Hold” by Brokerages

Shares of Bunzl plc (LON:BNZL) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 5,962.50.

Several research analysts have recently commented on the company. Citigroup lifted their price target on Bunzl from £280 to £300 and gave the stock a “buy” rating in a report on Thursday, June 25th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,900 price objective on shares of Bunzl in a report on Tuesday, June 23rd. Royal Bank Of Canada raised their price objective on shares of Bunzl from GBX 2,200 to GBX 2,600 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. lifted their target price on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Bunzl to a “hold” rating and boosted their target price for the company from GBX 2,950 to GBX 3,000 in a report on Wednesday, August 12th.

Bunzl Stock Performance

LON BNZL opened at GBX 2,752.80 on Thursday. The stock’s fifty day moving average is GBX 2,697.79 and its two-hundred day moving average is GBX 2,428.75. The firm has a market capitalization of £8.84 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The company has a debt-to-equity ratio of 103.81, a quick ratio of 0.73 and a current ratio of 1.39. Bunzl has a fifty-two week low of GBX 1,981 and a fifty-two week high of GBX 2,886.

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.