Bunzl (LON:BNZL) Upgraded to “Buy” at Goodbody

Goodbody upgraded shares of Bunzl (LON:BNZLFree Report) to a buy rating in a research note released on Tuesday morning, Marketbeat reports. Goodbody currently has GBX 3,200 ($40.41) target price on the stock.

BNZL has been the subject of a number of other reports. Royal Bank of Canada downgraded Bunzl to an underperform rating and decreased their price target for the company from GBX 2,850 ($35.99) to GBX 2,550 ($32.21) in a research note on Wednesday, July 12th. Shore Capital restated a buy rating on shares of Bunzl in a research note on Tuesday, August 29th. Finally, Jefferies Financial Group reiterated a hold rating and set a GBX 2,950 ($37.26) target price on shares of Bunzl in a research note on Monday, May 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Bunzl presently has a consensus rating of Hold and a consensus target price of GBX 2,989.17 ($37.75).

Get Our Latest Research Report on BNZL

Bunzl Stock Down 2.1 %

BNZL stock opened at GBX 2,766 ($34.93) on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.40 and a debt-to-equity ratio of 118.76. The business has a 50 day moving average price of GBX 2,825.28 and a two-hundred day moving average price of GBX 2,989.82. The company has a market cap of £9.35 billion, a price-to-earnings ratio of 1,961.70, a P/E/G ratio of 5.40 and a beta of 0.46. Bunzl has a twelve month low of GBX 2,603 ($32.87) and a twelve month high of GBX 3,226.48 ($40.75).

Bunzl Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Thursday, November 16th will be paid a dividend of GBX 18.20 ($0.23) per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a dividend yield of 0.64%. Bunzl’s dividend payout ratio is currently 4,468.09%.

About Bunzl

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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.

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Analyst Recommendations for Bunzl (LON:BNZL)

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