Bunzl (LON:BNZL) Price Target Raised to GBX 3,000

Bunzl (LON:BNZL) had its price target raised by research analysts at Deutsche Bank Aktiengesellschaft from GBX 2,730 to GBX 3,000 in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 9.01% from the company’s current price.

Other research analysts have also issued reports about the company. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,300 price objective on shares of Bunzl in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Citigroup boosted their target price on Bunzl from £280 to £300 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,600 target price on shares of Bunzl in a research report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 7,175.

Bunzl Stock Up 0.8%

Shares of LON BNZL opened at GBX 2,752 on Wednesday. The stock has a market cap of £8.69 billion, a PE ratio of 18.23, a PEG ratio of 5.40 and a beta of 0.32. The business has a fifty day moving average of GBX 2,700.10 and a two-hundred day moving average of GBX 2,587.50. Bunzl has a 52-week low of GBX 1,981 and a 52-week high of GBX 2,898. The company has a debt-to-equity ratio of 95.61, a quick ratio of 0.73 and a current ratio of 1.38.

Bunzl (LON:BNZL) last announced its earnings results on Tuesday, September 1st. The company reported GBX 65.70 EPS for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. As a group, equities research analysts expect that Bunzl will post 213.34 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Frank van Zanten bought 34,946 shares of the stock in a transaction on Thursday, September 17th. The stock was purchased at an average price of GBX 2,630 per share, for a total transaction of £919,079.80. 0.48% of the stock is owned by corporate insiders.

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.