Brokerages Set Bunzl plc (LON:BNZL) PT at GBX 6,407.14

Bunzl plc (LON:BNZL) has been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 6,407.14.

Several brokerages have commented on BNZL. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 3,000 price objective on shares of Bunzl in a report on Wednesday, September 2nd. JPMorgan Chase & Co. lifted their price objective on Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,600 target price on shares of Bunzl in a report on Tuesday, September 1st. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,900 price target on shares of Bunzl in a report on Tuesday, September 1st. Finally, Citigroup raised their target price on shares of Bunzl from £280 to £300 and gave the stock a “buy” rating in a report on Thursday, June 25th.

Bunzl Stock Up 1.0%

Shares of LON BNZL opened at GBX 2,592 on Monday. The firm’s fifty day moving average is GBX 2,741.21 and its 200 day moving average is GBX 2,499.72. Bunzl has a 52 week low of GBX 1,981 and a 52 week high of GBX 2,898. The company has a market cap of £8.32 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 5.40 and a beta of 0.32. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 95.61.

Bunzl (LON:BNZL) last posted its earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share for the quarter. Bunzl had a net margin of 4.82% and a return on equity of 20.61%. On average, equities research analysts expect that Bunzl will post 213.3413462 earnings per share for the current year.

Insiders Place Their Bets

In other Bunzl news, insider Frank van Zanten sold 368 shares of the business’s stock in a transaction dated Monday, September 7th. The stock was sold at an average price of GBX 2,662, for a total transaction of £9,796.16. Corporate insiders own 0.38% of the company’s stock.

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.