Bunzl plc (LON:BNZL) Receives Consensus Rating of “Hold” from Brokerages

Shares of Bunzl plc (LON:BNZL) have been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 6,407.14.

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 3,000 target price on shares of Bunzl in a research report on Wednesday, September 2nd. Citigroup increased their price objective on shares of Bunzl from £280 to £300 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,600 target price on shares of Bunzl in a research report on Tuesday, September 1st. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,900 price target on shares of Bunzl in a research report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd.

Bunzl Trading Up 0.9%

Shares of BNZL stock opened at GBX 2,734 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 95.61. Bunzl has a 12-month low of GBX 1,981 and a 12-month high of GBX 2,898. The stock has a market capitalization of £8.64 billion, a P/E ratio of 18.11, a P/E/G ratio of 5.40 and a beta of 0.32. The firm’s 50 day moving average is GBX 2,705.70 and its 200 day moving average is GBX 2,554.66.

Bunzl (LON:BNZL) last released its quarterly earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. Research analysts expect that Bunzl will post 213.3413462 earnings per share for the current year.

Insider Activity at Bunzl

In related news, insider Frank van Zanten acquired 34,946 shares of the stock in a transaction dated Thursday, September 17th. The shares were purchased at an average cost of GBX 2,630 per share, with a total value of £919,079.80. 0.48% of the stock is owned by company insiders.

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. 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.