Bunzl’s (BNZL) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Bunzl (LON:BNZL) in a research note published on Wednesday,Digital Look reports. The brokerage currently has a GBX 2,350 price target on the stock.

BNZL has been the subject of several other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,200 price objective on shares of Bunzl in a research report on Tuesday, March 10th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,900 price target on shares of Bunzl in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of GBX 2,338.

Bunzl Price Performance

BNZL stock opened at GBX 2,409 on Wednesday. The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73. The stock has a market capitalization of £7.73 billion, a P/E ratio of 17.10, a P/E/G ratio of 5.40 and a beta of 0.29. The business has a 50-day moving average of GBX 2,234.48 and a 200-day moving average of GBX 2,202.47. Bunzl has a fifty-two week low of GBX 1,981 and a fifty-two week high of GBX 2,609.33.

Bunzl (LON:BNZL) last posted its quarterly earnings data on Monday, March 2nd. The company reported GBX 179.30 earnings per share for the quarter. Bunzl had a return on equity of 17.21% and a net margin of 5.12%. On average, sell-side analysts anticipate that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Richard Howes purchased 8,267 shares of Bunzl stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of GBX 2,299 per share, with a total value of £190,058.33. Company 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.