Bunzl (LON:BNZL) Price Target Raised to GBX 3,000

Bunzl (LON:BNZL) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 2,730 to GBX 3,000 in a research report released on Wednesday,Digital Look reports. They currently have a hold rating on the stock.

A number of other research analysts also recently issued reports on BNZL. JPMorgan Chase & Co. upped their price target on Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,600 price objective on shares of Bunzl in a report on Tuesday, September 1st. Citigroup boosted their target price on Bunzl from £280 to £300 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 2,300 target price on shares of Bunzl in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 7,175.

Bunzl Stock Performance

BNZL stock opened at GBX 2,822 on Wednesday. The stock has a market capitalization of £8.92 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. Bunzl has a 12-month low of GBX 1,981 and a 12-month high of GBX 2,898. 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 stock’s 50 day simple moving average is GBX 2,702.06 and its 200 day simple moving average is GBX 2,596.28.

Bunzl (LON:BNZL) last issued 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, research analysts forecast that Bunzl will post 213.34 earnings per share for the current fiscal year.

Insider Transactions at Bunzl

In related news, insider Frank van Zanten bought 34,946 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were bought at an average price of GBX 2,630 per share, for a total transaction of £919,079.80. Corporate insiders own 0.48% of the company’s stock.

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.