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

Deutsche Bank Aktiengesellschaft lowered shares of Bunzl (LON:BNZL) to a hold rating in a report released on Wednesday, MarketBeat.com reports. They currently have GBX 3,000 price objective on the stock, up from their previous price objective of GBX 2,950.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective 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. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research report on Tuesday, June 23rd. Royal Bank Of Canada upped 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. Stifel Nicolaus reissued a “hold” rating and set a GBX 2,350 price target on shares of Bunzl in a research report on Wednesday, April 22nd. Finally, Citigroup increased their price target on Bunzl from £280 to £300 and gave the company a “buy” rating in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 5,962.50.

Bunzl Stock Performance

Shares of BNZL opened at GBX 2,758 on Wednesday. The stock has a market capitalization of £8.86 billion, a price-to-earnings ratio of 19.57, 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 2,886. The firm has a fifty day simple moving average of GBX 2,684.67 and a 200 day simple moving average of GBX 2,410.74. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81.

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.