Bunzl (LON:BNZL) had its price objective reduced by UBS Group from GBX 2,400 ($31.36) to GBX 2,250 ($29.40) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.
BNZL has been the topic of several other reports. Barclays reiterated an underweight rating on shares of in a research note on Thursday, July 4th. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research note on Monday, June 10th. Deutsche Bank reiterated a hold rating on shares of Steel Dynamics in a research note on Thursday, June 27th. Shore Capital reiterated a house stock rating on shares of in a research note on Wednesday, June 26th. Finally, Credit Suisse Group reiterated a buy rating and set a $19.50 price target on shares of Infineon Technologies in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 2,343 ($30.62).
Bunzl stock opened at GBX 2,130 ($27.83) on Wednesday. The stock’s fifty day moving average price is GBX 2,126.36. Bunzl has a 12-month low of GBX 2,026 ($26.47) and a 12-month high of GBX 2,554 ($33.37). The company has a current ratio of 1.43, a quick ratio of 0.82 and a debt-to-equity ratio of 110.35. The stock has a market cap of $7.17 billion and a PE ratio of 21.78.
In related news, insider Frank van Zanten sold 3,699 shares of Bunzl stock in a transaction on Monday, May 20th. The shares were sold at an average price of GBX 2,113 ($27.61), for a total transaction of £78,159.87 ($102,129.71).
Bunzl Company Profile
Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.
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