Bunzl plc (LON:BNZL) Receives GBX 3,375 Average PT from Brokerages

Shares of Bunzl plc (LON:BNZL) have received a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 3,375 ($41.31).

Several research firms have recently commented on BNZL. JPMorgan Chase & Co. boosted their price objective on Bunzl from GBX 3,980 ($48.71) to GBX 4,150 ($50.80) and gave the company an “overweight” rating in a report on Thursday, December 5th. Jefferies Financial Group restated an “underperform” rating and set a GBX 2,800 ($34.27) price objective on shares of Bunzl in a report on Tuesday, December 17th. Citigroup upgraded Bunzl to a “buy” rating in a report on Monday. Finally, Shore Capital restated a “buy” rating on shares of Bunzl in a report on Thursday, December 19th.

Bunzl Trading Up 0.7 %

LON BNZL opened at GBX 3,332 ($40.78) on Monday. The company has a market cap of £11.13 billion, a price-to-earnings ratio of 2,297.93, a P/E/G ratio of 5.40 and a beta of 0.45. Bunzl has a 52 week low of GBX 2,896 ($35.45) and a 52 week high of GBX 3,732 ($45.68). The business has a 50 day moving average price of GBX 3,417.97 and a 200-day moving average price of GBX 3,363.92. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00.

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.