Bunzl plc (LON:BNZL) Given Consensus Recommendation of “Hold” by Brokerages

Bunzl plc (LON:BNZL) has been given a consensus rating of “Hold” by the six brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 2,383.33.

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

Insider Buying and Selling at Bunzl

In related news, insider Frank van Zanten sold 15,000 shares of the firm’s stock in a transaction that occurred 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 currently owned by corporate insiders.

Bunzl Price Performance

Shares of LON:BNZL opened at GBX 2,639.91 on Wednesday. The business has a 50 day moving average price of GBX 2,416.37 and a 200 day moving average price of GBX 2,242.50. Bunzl has a twelve month low of GBX 1,981 and a twelve month high of GBX 2,654. The company has a market cap of £8.48 billion, a price-to-earnings ratio of 18.74, a PEG 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.

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.