Bunzl plc (LON:BNZL) Receives GBX 2,728 Consensus Target Price from Analysts

Bunzl plc (LON:BNZL) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 2,728.

A number of equities analysts have weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,350 target price on shares of Bunzl in a research note on Thursday, October 9th. UBS Group reiterated a “sell” rating and set a GBX 2,200 price objective on shares of Bunzl in a research report on Friday, October 17th. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,900 target price on shares of Bunzl in a report on Thursday, October 9th. Finally, Shore Capital restated a “buy” rating and set a GBX 3,040 target price on shares of Bunzl in a report on Tuesday, August 26th.

Bunzl Stock Performance

Shares of BNZL opened at GBX 2,316 on Wednesday. The stock’s 50-day simple moving average is GBX 2,444.31 and its 200 day simple moving average is GBX 2,377.98. The stock has a market capitalization of £7.48 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. Bunzl has a 52-week low of GBX 2,210 and a 52-week high of GBX 3,622.

Bunzl (LON:BNZL) last issued its quarterly earnings data on Tuesday, August 26th. The company reported GBX 77.80 earnings per share (EPS) for the quarter. Bunzl had a return on equity of 16.82% and a net margin of 4.20%. Research analysts forecast that Bunzl will post 213.3413462 EPS for the current fiscal year.

About Bunzl

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.