Bunzl plc (LON:BNZL) Receives Average Rating of “Hold” from Brokerages

Bunzl plc (LON:BNZLGet Rating) has been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 2,897.14 ($37.69).

Several research analysts recently weighed in on BNZL shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,300 ($42.94) price target on shares of Bunzl in a research report on Tuesday, March 1st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Bunzl in a research note on Thursday, March 3rd. Royal Bank of Canada increased their target price on Bunzl from GBX 2,625 ($34.15) to GBX 2,800 ($36.43) and gave the company a “sector perform” rating in a research note on Friday, March 11th. Berenberg Bank downgraded Bunzl to a “hold” rating and increased their target price for the company from GBX 2,750 ($35.78) to GBX 2,950 ($38.38) in a research note on Wednesday, April 13th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a GBX 2,530 ($32.92) price target on shares of Bunzl in a report on Thursday, April 14th.

In other news, insider Frank van Zanten sold 4,942 shares of the company’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of GBX 3,110 ($40.46), for a total transaction of £153,696.20 ($199,969.03). Also, insider Richard Howes sold 13,004 shares of the company’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of GBX 3,049 ($39.67), for a total transaction of £396,491.96 ($515,862.56). Insiders have sold a total of 29,669 shares of company stock worth $89,062,408 over the last 90 days.

LON:BNZL opened at GBX 3,128 ($40.70) on Thursday. Bunzl has a 12-month low of GBX 2,205.50 ($28.70) and a 12-month high of GBX 3,129 ($40.71). The firm has a market capitalization of £10.55 billion and a P/E ratio of 23.69. The company has a debt-to-equity ratio of 118.60, a current ratio of 1.34 and a quick ratio of 0.77. The business has a 50 day simple moving average of GBX 2,891.84 and a 200 day simple moving average of GBX 2,796.74.

The company also recently disclosed a dividend, which will be paid on Monday, July 4th. Stockholders of record on Thursday, May 19th will be paid a dividend of GBX 40.80 ($0.53) per share. The ex-dividend date is Thursday, May 19th. This is a positive change from Bunzl’s previous dividend of $16.20. This represents a dividend yield of 1.48%. Bunzl’s payout ratio is currently 0.41%.

Bunzl Company Profile (Get Rating)

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, counter-service packaging, foodservice disposables, take-out food packaging, first aid products, point of purchase displays, stationery, bags, and cleaning and hygiene supplies to grocery stores, supermarkets, retail chains, convenience stores, food wholesalers, ethnic grocers, and organic food outlets.

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Analyst Recommendations for Bunzl (LON:BNZL)

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