Shore Capital Reiterates “Buy” Rating for Bunzl (LON:BNZL)

Bunzl (LON:BNZL)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a note issued to investors on Thursday, Marketbeat.com reports.

Several other research firms also recently commented on BNZL. JPMorgan Chase & Co. increased their price objective on Bunzl from GBX 3,300 ($42.85) to GBX 3,380 ($43.88) and gave the company a “neutral” rating in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 3,200 ($41.55) price objective on shares of Bunzl in a research report on Friday, June 28th. Royal Bank of Canada upgraded shares of Bunzl to a “sector perform” rating and raised their target price for the company from GBX 2,700 ($35.06) to GBX 3,350 ($43.50) in a research note on Thursday, August 29th. Finally, Jefferies Financial Group lifted their price target on Bunzl from GBX 2,600 ($33.76) to GBX 2,800 ($36.35) and gave the stock an “underperform” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Bunzl presently has an average rating of “Hold” and a consensus price target of GBX 3,182.50 ($41.32).

Bunzl Stock Performance

BNZL opened at GBX 3,472 ($45.08) on Thursday. The business’s 50-day simple moving average is GBX 3,483.60 and its 200 day simple moving average is GBX 3,211.64. Bunzl has a 52-week low of GBX 2,822 ($36.64) and a 52-week high of GBX 3,732 ($48.45). 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 firm has a market capitalization of £11.60 billion, a PE ratio of 2,394.48, a PEG ratio of 5.40 and a beta of 0.45.

Insider Activity at Bunzl

In related news, insider Jacky Simmonds acquired 1,445 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was purchased at an average cost of GBX 3,462 ($44.95) per share, for a total transaction of £50,025.90 ($64,951.83). 0.84% of the stock is owned by company 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.