Bunzl (LON:BNZL) Price Target Lowered to GBX 2,250 at UBS Group
Bunzl (LON:BNZL) had its price objective reduced by UBS Group from GBX 2,400 ($31.36) to GBX 2,250 ($29.40) in a research report report published on Wednesday, ThisIsMoney.Co.Uk reports. UBS Group currently has a neutral rating on the stock.
A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group reissued a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Deutsche Bank reissued a hold rating on shares of Steel Dynamics in a research report on Thursday, June 27th. Credit Suisse Group reissued a buy rating and set a $19.50 target price on shares of Infineon Technologies in a research report on Thursday, May 2nd. Shore Capital reissued a house stock rating on shares of in a research report on Wednesday, June 26th. Finally, Barclays reaffirmed an underweight rating on shares of in a report on Thursday, July 4th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Bunzl currently has a consensus rating of Hold and a consensus price target of GBX 2,343 ($30.62).
BNZL stock traded up GBX 5 ($0.07) during trading on Wednesday, reaching GBX 2,109 ($27.56). 568,812 shares of the stock were exchanged, compared to its average volume of 1,290,000. Bunzl has a twelve month low of GBX 2,026 ($26.47) and a twelve month high of GBX 2,554 ($33.37). The firm has a market capitalization of $7.12 billion and a P/E ratio of 21.56. The business’s 50 day simple moving average is GBX 2,125.78. The company has a debt-to-equity ratio of 110.35, a current ratio of 1.43 and a quick ratio of 0.82.
Bunzl Company Profile
Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.
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