Bunzl (LON:BNZL) Releases Quarterly Earnings Results

Bunzl (LON:BNZL) announced its earnings results on Monday. The company reported GBX 194.30 ($2.49) EPS for the quarter, Digital Look Earnings reports. Bunzl had a return on equity of 16.82% and a net margin of 4.20%.

Bunzl Trading Up 0.2 %

Shares of BNZL stock opened at GBX 3,042 ($38.92) on Wednesday. The company has a 50-day moving average of GBX 3,360.43 and a two-hundred day moving average of GBX 3,425.99. 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 ($37.05) and a 1-year high of GBX 3,732 ($47.74). The firm has a market cap of £9.95 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BNZL. Shore Capital reissued a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 2,800 ($35.82) price objective on shares of Bunzl in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price target on shares of Bunzl from GBX 3,980 ($50.91) to GBX 4,150 ($53.09) and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Citigroup upgraded shares of Bunzl to a “buy” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Bunzl has an average rating of “Hold” and a consensus target price of GBX 3,375 ($43.18).

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.