Shore Capital Reaffirms Buy Rating for Bunzl (LON:BNZL)

Bunzl (LON:BNZL)‘s stock had its “buy” rating reissued by investment analysts at Shore Capital in a research report issued to clients and investors on Thursday,Digital Look reports.

A number of other equities analysts have also recently commented on the company. Jefferies Financial Group reissued an “underperform” rating and set a GBX 2,800 ($35.20) price target on shares of Bunzl in a report on Tuesday. Royal Bank of Canada raised shares of Bunzl to a “sector perform” rating and increased their target price for the stock from GBX 2,700 ($33.95) to GBX 3,350 ($42.12) in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Bunzl from GBX 3,980 ($50.04) to GBX 4,150 ($52.18) and gave the company an “overweight” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 3,375 ($42.43).

Bunzl Price Performance

BNZL stock traded down GBX 22 ($0.28) during midday trading on Thursday, reaching GBX 3,302 ($41.51). The company had a trading volume of 1,170,307 shares, compared to its average volume of 914,692. The stock has a 50 day moving average price of GBX 3,505.98 and a 200-day moving average price of GBX 3,320.23. The company has a market capitalization of £11.03 billion, a price-to-earnings ratio of 2,277.24, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. Bunzl has a 1-year low of GBX 2,896 ($36.41) and a 1-year high of GBX 3,732 ($46.92).

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.