Bunzl’s (BNZL) “Hold” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Bunzl (LON:BNZL) in a report published on Wednesday,Digital Look reports. They currently have a GBX 3,000 price target on the stock.

Several other brokerages have also recently issued reports on BNZL. Citigroup lifted their price target on Bunzl from £280 to £300 and gave the company a “buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada raised their target price on Bunzl from GBX 2,200 to GBX 2,600 and gave the company a “sector perform” rating in a research note on Tuesday, July 7th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,900 target price on shares of Bunzl in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Bunzl from GBX 2,610 to GBX 2,800 and gave the stock an “overweight” rating in a research report on Wednesday. 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. Based on data from MarketBeat.com, Bunzl presently has an average rating of “Hold” and an average price target of GBX 6,407.14.

Bunzl Trading Down 0.5%

Bunzl stock opened at GBX 2,658 on Wednesday. Bunzl has a 12-month low of GBX 1,981 and a 12-month high of GBX 2,898. The company has a debt-to-equity ratio of 95.61, a current ratio of 1.38 and a quick ratio of 0.73. The stock has a market capitalization of £8.53 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The firm has a 50 day simple moving average of GBX 2,744 and a 200-day simple moving average of GBX 2,479.70.

Bunzl (LON:BNZL) last announced its earnings results on Tuesday, September 1st. The company reported GBX 65.70 EPS for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. As a group, equities research analysts expect that Bunzl will post 213.3413462 EPS for the current fiscal year.

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.