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

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

Several research firms have commented on BNZL. JPMorgan Chase & Co. raised their target price on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,900 price target on shares of Bunzl in a research note on Tuesday, June 23rd. Royal Bank Of Canada increased their price objective on shares of Bunzl from GBX 2,200 to GBX 2,600 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. Stifel Nicolaus reiterated a “hold” rating and set a GBX 2,350 price objective on shares of Bunzl in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,950 target price on shares of Bunzl in a report on Wednesday, June 24th.

Insider Activity at Bunzl

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

Bunzl Price Performance

Shares of LON BNZL opened at GBX 2,752.01 on Friday. The stock has a market cap of £8.84 billion, a P/E ratio of 19.53, a P/E/G ratio of 5.40 and a beta of 0.32. The firm’s 50-day simple moving average is GBX 2,558.19 and its 200 day simple moving average is GBX 2,332.75. Bunzl has a fifty-two week low of GBX 1,981 and a fifty-two week high of GBX 2,800. 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 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.