Brokerages Set Bunzl plc (LON:BNZL) PT at GBX 6,407.14

Bunzl plc (LON:BNZL) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 6,407.14.

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

Insider Activity at Bunzl

In other news, insider Frank van Zanten sold 368 shares of the firm’s stock in a transaction on Monday, September 7th. The stock was sold at an average price of GBX 2,662, for a total transaction of £9,796.16. 0.38% of the stock is currently owned by corporate insiders.

Bunzl Price Performance

Bunzl stock opened at GBX 2,566 on Monday. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 95.61. The company has a 50-day moving average price of GBX 2,741.21 and a 200 day moving average price of GBX 2,497.03. Bunzl has a 12-month low of GBX 1,981 and a 12-month high of GBX 2,898. The stock has a market cap of £8.24 billion, a P/E ratio of 16.99, a PEG ratio of 5.40 and a beta of 0.32.

Bunzl (LON:BNZL) last posted its 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%. Sell-side analysts anticipate that Bunzl will post 213.3413462 earnings per share for the current 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.