Citigroup Boosts Bunzl (LON:BNZL) Price Target to £300

Bunzl (LON:BNZL) had its target price raised by equities research analysts at Citigroup from £280 to £300 in a research note issued on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock.

Several other analysts also recently commented on BNZL. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,950 price target on shares of Bunzl in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Bunzl from GBX 2,580 to GBX 2,610 and gave the stock an “overweight” rating in a report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a GBX 2,350 price objective on shares of Bunzl in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,200 price objective on shares of Bunzl in a report on Tuesday, March 10th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 5,906.25.

Bunzl Trading Down 0.3%

BNZL opened at GBX 2,668 on Thursday. Bunzl has a 1-year low of GBX 1,981 and a 1-year high of GBX 2,686. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81. The company has a market cap of £8.57 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The company has a fifty day moving average price of GBX 2,422.90 and a two-hundred day moving average price of GBX 2,246.14.

Insider Buying and Selling at Bunzl

In other news, insider Frank van Zanten sold 15,000 shares of Bunzl stock in a transaction dated Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total transaction of £359,100. Company 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.