Bunzl (LON:BNZL) Reaches New 12-Month High – Should You Buy?

Bunzl plc (LON:BNZL) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,898 and last traded at GBX 2,856, with a volume of 20837859 shares traded. The stock had previously closed at GBX 2,792.

Wall Street Analyst Weigh In

BNZL has been the topic of a number of research reports. 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. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,900 price target on shares of Bunzl in a report on Tuesday, June 23rd. JPMorgan Chase & Co. increased their price target on Bunzl from GBX 2,580 to GBX 2,610 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft lowered Bunzl to a “hold” rating and lifted their price objective for the company from GBX 2,950 to GBX 3,000 in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada boosted their price objective on Bunzl from GBX 2,200 to GBX 2,600 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 6,380.

Bunzl Stock Up 2.3%

The company has a debt-to-equity ratio of 103.81, a quick ratio of 0.73 and a current ratio of 1.39. The firm has a market cap of £9.17 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 5.40 and a beta of 0.32. The business’s 50 day moving average price is GBX 2,739.36 and its 200 day moving average price is GBX 2,466.64.

Bunzl (LON:BNZL) last posted its earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share (EPS) for the quarter. Bunzl had a net margin of 5.12% and a return on equity of 17.21%. On average, equities analysts forecast that Bunzl plc will post 213.3413462 EPS for the current 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. 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.