Bunzl plc (LON:BNZL) Receives GBX 5,956.25 Average Price Target from Brokerages

Bunzl plc (LON:BNZL) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 5,956.25.

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,950 price target on shares of Bunzl in a research note on Wednesday, June 24th. Stifel Nicolaus reissued a “hold” rating and issued a GBX 2,350 price objective on shares of Bunzl in a report on Wednesday, April 22nd. Citigroup raised their price objective 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 set a GBX 1,900 target price on shares of Bunzl in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a report on Wednesday, June 24th.

Insider Activity

In other news, insider Frank van Zanten sold 15,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total transaction of £359,100. 0.38% of the stock is currently owned by insiders.

Bunzl Stock Down 0.9%

Bunzl stock opened at GBX 2,705.61 on Friday. The stock has a market cap of £8.69 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The company has a debt-to-equity ratio of 103.81, a quick ratio of 0.73 and a current ratio of 1.39. Bunzl has a one year low of GBX 1,981 and a one year high of GBX 2,800. The stock has a fifty day moving average of GBX 2,534.51 and a 200 day moving average of GBX 2,320.64.

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.