Bunzl (LON:BNZL) Earns “Buy” Rating from Shore Capital

Bunzl (LON:BNZL)‘s stock had its “buy” rating reaffirmed by analysts at Shore Capital in a research report issued on Thursday, MarketBeat reports.

BNZL has been the topic of a number of other research reports. Royal Bank of Canada raised shares of Bunzl to a “sector perform” rating and boosted their target price for the stock from GBX 2,700 ($33.93) to GBX 3,350 ($42.10) in a research note on Thursday, August 29th. JPMorgan Chase & Co. upped their price objective on Bunzl from GBX 3,980 ($50.02) to GBX 4,150 ($52.16) and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,800 ($35.19) price objective on shares of Bunzl in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 3,375 ($42.42).

Bunzl Stock Performance

Shares of Bunzl stock opened at GBX 3,268 ($41.07) on Thursday. 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 company has a market cap of £10.92 billion, a PE ratio of 2,253.79, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The company has a 50 day moving average of GBX 3,497.38 and a 200-day moving average of GBX 3,322.08. Bunzl has a 1-year low of GBX 2,896 ($36.40) and a 1-year high of GBX 3,732 ($46.90).

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.