Bunzl plc (LON:BNZL) Receives Consensus Recommendation of “Hold” from Brokerages

Bunzl plc (LON:BNZL) has earned a consensus rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 5,906.25.

A number of research analysts have recently commented on BNZL shares. Citigroup upped their price target on shares of Bunzl from £280 to £300 and gave the stock a “buy” rating in a report on Thursday, June 25th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,900 price target on shares of Bunzl in a report on Tuesday, June 23rd. JPMorgan Chase & Co. upped their price target on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,200 price target on shares of Bunzl in a report on Tuesday, March 10th. Finally, Stifel Nicolaus restated a “hold” rating and issued a GBX 2,350 price target on shares of Bunzl in a report on Wednesday, April 22nd.

Insiders Place Their Bets

In related news, insider Frank van Zanten sold 15,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total value of £359,100. 0.48% of the stock is currently owned by company insiders.

Bunzl Trading Down 0.5%

LON BNZL opened at GBX 2,616 on Wednesday. The company’s 50-day moving average price is GBX 2,448.40 and its 200-day moving average price is GBX 2,259.96. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81. The stock has a market cap of £8.40 billion, a PE ratio of 18.57, a PEG ratio of 5.40 and a beta of 0.32. Bunzl has a 12 month low of GBX 1,981 and a 12 month high of GBX 2,686.

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.