Bunzl (LON:BNZL) Given New GBX 3,380 Price Target at JPMorgan Chase & Co.

Bunzl (LON:BNZL) had its price target boosted by JPMorgan Chase & Co. from GBX 3,300 ($41.86) to GBX 3,380 ($42.88) in a research note published on Friday, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the company. Shore Capital reiterated a buy rating on shares of Bunzl in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a GBX 3,200 ($40.59) price objective on shares of Bunzl in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of GBX 3,095 ($39.26).

Bunzl Stock Performance

Shares of LON:BNZL opened at GBX 3,010 ($38.18) on Friday. The company has a debt-to-equity ratio of 106.68, a quick ratio of 0.73 and a current ratio of 1.40. The firm has a market cap of £10.11 billion, a PE ratio of 1,954.55, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47. The firm’s 50 day simple moving average is GBX 3,033.92 and its 200-day simple moving average is GBX 3,095.02. Bunzl has a one year low of GBX 2,680 ($34.00) and a one year high of GBX 3,306 ($41.94).

Insider Activity at Bunzl

In other news, insider Frank van Zanten sold 24,244 shares of Bunzl stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of GBX 3,062 ($38.84), for a total value of £742,351.28 ($941,711.63). 0.84% of the stock is owned by corporate insiders.

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.