Bunzl plc (LON:BNZL) Receives Consensus Recommendation of “Hold” from Analysts

Bunzl plc (LON:BNZL) has earned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 2,383.33.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a GBX 2,350 price target on shares of Bunzl in a report on Wednesday, April 22nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,200 price target on shares of Bunzl in a report on Tuesday, March 10th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,900 price target on shares of Bunzl in a report on Tuesday.

Insider Activity

In other news, insider Frank van Zanten sold 15,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total value of £359,100. 0.48% of the stock is owned by company insiders.

Bunzl Price Performance

Shares of BNZL stock opened at GBX 2,639.91 on Wednesday. Bunzl has a 12-month low of GBX 1,981 and a 12-month high of GBX 2,654. The firm has a market capitalization of £8.48 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81. The firm has a fifty day moving average of GBX 2,416.37 and a 200-day moving average of GBX 2,242.50.

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.