Bunzl (BNZL) Shares Up 0.6%
Bunzl plc (LON:BNZL) shares shot up 0.6% on Wednesday . The company traded as high as GBX 2,066.80 ($28.03) and last traded at GBX 2,060 ($27.94). 816,226 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 851,866 shares. The stock had previously closed at GBX 2,048 ($27.77).
A number of research firms recently weighed in on BNZL. Credit Suisse Group raised their target price on shares of Bunzl from GBX 2,400 ($32.55) to GBX 2,470 ($33.50) and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. raised their target price on shares of Bunzl from GBX 2,516 ($34.12) to GBX 2,609 ($35.38) and gave the company a “neutral” rating in a report on Friday, January 12th. Deutsche Bank raised their target price on shares of Bunzl from GBX 2,540 ($34.45) to GBX 2,630 ($35.67) and gave the company a “buy” rating in a report on Friday, January 12th. Shore Capital reissued a “buy” rating on shares of Bunzl in a report on Thursday, January 11th. Finally, Berenberg Bank began coverage on shares of Bunzl in a report on Friday, November 17th. They issued a “hold” rating and a GBX 2,250 ($30.51) target price for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 2,366.70 ($32.10).
The company has a market cap of $6,810.00 and a PE ratio of 2,361.63.
Bunzl Company Profile
Bunzl plc is engaged in the distribution and outsourcing service. It supplies a range of non-food products to a range of market sectors. Its segments include North America, Continental Europe, UK & Ireland, and Rest of the World. It serves six market sectors, including foodservice, which offers non-food consumables, including food packaging and guest amenities, to hotels and restaurants, among others; grocery, which includes foods not for resale, including films and labels, to grocery stores and supermarkets, among others; cleaning and hygiene, which offers materials, including chemicals and hygiene paper, to cleaning and facilities management companies, among others; safety, which offers personal protection equipment, to industrial and construction markets; retail, which includes goods not for resale, such as packaging and other store supplies, and healthcare, which offers disposable healthcare consumables, including gloves and bandages, to hospitals and care homes, among others.
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