Bunzl (LON:BNZL) Cut to “Hold” at Deutsche Bank Aktiengesellschaft

Bunzl (LON:BNZL) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 3,000 price target on the stock, up from their previous price target of GBX 2,950. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 8.46% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 2,350 price objective on shares of Bunzl in a report on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price target on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Royal Bank Of Canada increased their target price on Bunzl from GBX 2,200 to GBX 2,600 and gave the stock a “sector perform” rating in a report on Tuesday, July 7th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,900 price target on shares of Bunzl in a research note on Tuesday, June 23rd. Finally, Citigroup increased their price objective on Bunzl from £280 to £300 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Bunzl presently has an average rating of “Hold” and a consensus price target of GBX 5,962.50.

Bunzl Stock Down 1.4%

Shares of BNZL stock opened at GBX 2,766 on Wednesday. The stock has a market cap of £8.88 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. Bunzl has a one year low of GBX 1,981 and a one year high of GBX 2,886. The stock has a fifty day moving average price of GBX 2,664.87 and a 200 day moving average price of GBX 2,398.78. The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73.

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.