Bunzl plc (LON:BNZL) Stock Has Average Price Target of GBX 6,407.14

Bunzl plc (LON:BNZL) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 6,407.14.

A number of research analysts recently commented on BNZL shares. JPMorgan Chase & Co. boosted their price objective on shares of Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Citigroup increased their target price on shares of Bunzl from £280 to £300 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,600 target price on shares of Bunzl in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 3,000 price target on shares of Bunzl in a report on Wednesday, September 2nd. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,900 price objective on shares of Bunzl in a report on Tuesday, September 1st.

Bunzl Stock Performance

LON:BNZL opened at GBX 2,614.65 on Friday. The stock has a market cap of £8.40 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. Bunzl has a fifty-two week low of GBX 1,981 and a fifty-two week high of GBX 2,898. The company has a debt-to-equity ratio of 95.61, a current ratio of 1.38 and a quick ratio of 0.73. The stock’s 50-day moving average is GBX 2,716.30 and its two-hundred day moving average is GBX 2,542.83.

Bunzl (LON:BNZL) last posted its quarterly earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share (EPS) for the quarter. Bunzl had a net margin of 4.82% and a return on equity of 20.61%. As a group, equities research analysts forecast that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Frank van Zanten purchased 34,946 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was bought at an average cost of GBX 2,630 per share, with a total value of £919,079.80. 0.38% of the stock is currently owned by 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.