Bunzl (LON:BNZL) Sets New 1-Year High – Should You Buy?

Bunzl plc (LON:BNZL)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 2,832 and last traded at GBX 2,826, with a volume of 2263257 shares changing hands. The stock had previously closed at GBX 2,794.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank Of Canada lifted their price objective on Bunzl from GBX 2,200 to GBX 2,600 and gave the company a “sector perform” rating in a research report on Tuesday, July 7th. Stifel Nicolaus restated a “hold” rating and issued a GBX 2,350 target price on shares of Bunzl in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price target on Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,900 price target on shares of Bunzl in a research report on Tuesday, June 23rd. Finally, Citigroup increased their price objective on shares of Bunzl from £280 to £300 and gave the stock a “buy” rating in a report on Thursday, June 25th. Four investment 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 5,956.25.

Bunzl Trading Up 1.0%

The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81. The company has a market cap of £9.19 billion, a P/E ratio of 20.31, a P/E/G ratio of 5.40 and a beta of 0.32. The business has a 50-day moving average price of GBX 2,633.62 and a two-hundred day moving average price of GBX 2,382.03.

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.