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

Shares of Bunzl plc (LON:BNZL) have been given a consensus rating of “Hold” by the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 3,375 ($43.49).

BNZL has been the topic of several research analyst reports. Shore Capital reissued a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. Citigroup raised Bunzl to a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 2,800 ($36.08) target price on shares of Bunzl in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. upped their price target on Bunzl from GBX 3,980 ($51.29) to GBX 4,150 ($53.48) and gave the company an “overweight” rating in a research note on Thursday, December 5th.

Bunzl Price Performance

Bunzl stock opened at GBX 3,020 ($38.92) on Tuesday. Bunzl has a 52 week low of GBX 2,896 ($37.32) and a 52 week high of GBX 3,732 ($48.09). The firm has a market cap of £9.88 billion, a P/E ratio of 20.88, a P/E/G ratio of 5.40 and a beta of 0.45. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The business’s fifty day moving average is GBX 3,349.99 and its two-hundred day moving average is GBX 3,423.82.

Bunzl (LON:BNZL) last issued its quarterly earnings results on Monday, March 3rd. The company reported GBX 194.30 ($2.50) earnings per share (EPS) for the quarter. Bunzl had a net margin of 4.20% and a return on equity of 16.82%. Equities research analysts forecast that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

Insider Buying and Selling at Bunzl

In related news, insider Frank van Zanten bought 4,000 shares of Bunzl stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of GBX 3,037 ($39.14) per share, for a total transaction of £121,480 ($156,546.39). Insiders own 0.84% of the company’s stock.

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.