Bunzl plc (BNZL.L) – What Are Investment Firms Saying About This Stock?

Bunzl plc (LON:BNZL) has received an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 7,175.

BNZL has been the subject of a number of research reports. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,600 price objective on shares of Bunzl in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Bunzl from GBX 2,730 to GBX 3,000 and gave the company a “hold” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. upped their target price on Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 2,300 price target on shares of Bunzl in a research report on Tuesday, October 20th.

Bunzl Price Performance

BNZL opened at GBX 2,864 on Tuesday. The stock has a fifty day moving average of GBX 2,716.37 and a 200-day moving average of GBX 2,484.46. The firm has a market capitalization of £9.05 billion, a P/E ratio of 18.97, a PEG ratio of 5.40 and a beta of 0.32. Bunzl has a 12-month low of GBX 1,981 and a 12-month high of GBX 2,902. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 95.61.

Bunzl (LON:BNZL) last issued 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%. Equities analysts forecast that Bunzl will post 213.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Frank van Zanten acquired 34,946 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were purchased at an average cost of GBX 2,630 per share, with a total value of £919,079.80. Insiders own 0.48% of the company’s stock.

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.