Bunzl plc (LON:BNZL) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Bunzl plc (LON:BNZL) have been assigned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 7,175.

Several equities research analysts have commented on BNZL shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Bunzl from GBX 2,730 to GBX 3,000 and gave the stock a “hold” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. raised their target price on Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,600 target price on shares of Bunzl in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 2,300 price objective on shares of Bunzl in a report on Tuesday, October 20th.

Insider Buying and Selling

In other Bunzl news, insider Frank van Zanten bought 34,946 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were acquired at an average cost of GBX 2,630 per share, with a total value of £919,079.80. Insiders own 0.48% of the company’s stock.

Bunzl Stock Up 0.5%

Shares of LON BNZL opened at GBX 2,864 on Tuesday. The firm has a market cap of £9.05 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The company’s 50-day simple moving average is GBX 2,713.61 and its 200-day simple moving average is GBX 2,480.25. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 95.61. Bunzl has a 52-week low of GBX 1,981 and a 52-week high of GBX 2,898.

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 net margin of 4.82% and a return on equity of 20.61%. Equities analysts predict that Bunzl will post 213.34 EPS for the current fiscal 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.