Bunzl (LON:BNZL) Hits New 1-Year Low – Time to Sell?

Bunzl plc (LON:BNZL) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 2,190 and last traded at GBX 2,194, with a volume of 1646012 shares trading hands. The stock had previously closed at GBX 2,214.

Wall Street Analyst Weigh In

BNZL has been the topic of several research analyst reports. UBS Group reiterated a “sell” rating and issued a GBX 2,200 price target on shares of Bunzl in a research note on Friday, October 17th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,900 price target on shares of Bunzl in a research note on Thursday, October 9th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,350 price target on shares of Bunzl in a report on Wednesday. Finally, Shore Capital restated a “buy” rating and set a GBX 3,040 target price on shares of Bunzl in a research report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 2,728.

Bunzl Trading Down 1.1%

The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. The stock’s 50-day moving average price is GBX 2,397.24 and its 200 day moving average price is GBX 2,367.42. The firm has a market capitalization of £7.06 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

Bunzl (LON:BNZL) last issued its quarterly earnings data on Tuesday, August 26th. The company reported GBX 77.80 earnings per share (EPS) for the quarter. Bunzl had a net margin of 4.20% and a return on equity of 16.82%. On average, sell-side analysts expect that Bunzl plc will post 213.3413462 EPS for the current fiscal year.

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.