Bunzl plc (LON:BNZL) has been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned 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 1,992.73 ($24.52).
Several research analysts recently issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Bunzl in a report on Thursday, July 9th. Deutsche Bank increased their price target on shares of Bunzl from GBX 1,920 ($23.63) to GBX 2,175 ($26.77) and gave the stock a “buy” rating in a report on Tuesday, June 16th. Barclays increased their price target on shares of Bunzl from GBX 2,000 ($24.61) to GBX 2,350 ($28.92) and gave the stock an “overweight” rating in a report on Wednesday, June 17th. JPMorgan Chase & Co. raised shares of Bunzl to an “overweight” rating and increased their price target for the stock from GBX 2,000 ($24.61) to GBX 2,350 ($28.92) in a report on Friday, June 26th. Finally, Morgan Stanley increased their price target on shares of Bunzl from GBX 1,600 ($19.69) to GBX 1,720 ($21.17) and gave the stock an “equal weight” rating in a report on Friday, June 19th.
LON BNZL opened at GBX 2,198 ($27.05) on Tuesday. The stock has a market capitalization of $7.40 billion and a P/E ratio of 21.03. Bunzl has a 52-week low of GBX 21.76 ($0.27) and a 52-week high of GBX 2,277 ($28.02). The firm has a 50-day moving average price of GBX 2,164.44 and a 200 day moving average price of GBX 1,901.41. The company has a quick ratio of 0.79, a current ratio of 1.34 and a debt-to-equity ratio of 134.59.
Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.
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