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

Shares of Bunzl plc (LON:BNZL) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 5,956.25.

BNZL has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 2,350 price objective on shares of Bunzl in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,950 target price on shares of Bunzl in a report on Wednesday, June 24th. JPMorgan Chase & Co. raised 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, June 24th. Royal Bank Of Canada lifted their price target on Bunzl from GBX 2,200 to GBX 2,600 and gave the company a “sector perform” rating in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,900 price objective on shares of Bunzl in a research note on Tuesday, June 23rd.

Insider Buying and Selling

In other Bunzl news, insider Frank van Zanten sold 15,000 shares of Bunzl stock in a transaction dated Friday, May 8th. The stock was sold at an average price of GBX 2,394, for a total transaction of £359,100. 0.38% of the stock is currently owned by corporate insiders.

Bunzl Stock Performance

LON BNZL opened at GBX 2,796 on Friday. The company’s 50 day moving average is GBX 2,519.41 and its 200-day moving average is GBX 2,310. Bunzl has a 12-month low of GBX 1,981 and a 12-month high of GBX 2,800. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81. The firm has a market cap of £8.98 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32.

About Bunzl

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.