Brokerages Set Bunzl plc (LON:BNZL) Target Price at GBX 3,375

Bunzl plc (LON:BNZL) has been given an average rating of “Hold” by the six brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 3,375 ($43.45).

Several research analysts recently commented on BNZL shares. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research report on Thursday, December 19th. Citigroup raised Bunzl to a “buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. raised their target price on Bunzl from GBX 3,980 ($51.24) to GBX 4,150 ($53.43) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 2,800 ($36.05) target price on shares of Bunzl in a research report on Tuesday, December 17th.

Insider Activity

In other Bunzl news, insider Frank van Zanten purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of GBX 3,037 ($39.10) per share, for a total transaction of £121,480 ($156,405.30). Insiders own 0.84% of the company’s stock.

Bunzl Stock Down 2.1 %

BNZL opened at GBX 3,010 ($38.75) on Tuesday. Bunzl has a 1-year low of GBX 2,896 ($37.29) and a 1-year high of GBX 3,732 ($48.05). The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. The stock has a market capitalization of £9.84 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 5.40 and a beta of 0.45. The business has a 50 day moving average of GBX 3,339.59 and a 200-day moving average of GBX 3,422.35.

Bunzl (LON:BNZL) last posted its quarterly earnings data on Monday, March 3rd. The company reported GBX 194.30 ($2.50) earnings per share for the quarter. Bunzl had a return on equity of 16.82% and a net margin of 4.20%. As a group, sell-side analysts anticipate that Bunzl will post 213.3413462 earnings per share for the current year.

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.