Bunzl plc (LON:BNZL) Given Average Recommendation of “Hold” by Brokerages

Shares of Bunzl plc (LON:BNZL) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 5,962.50.

BNZL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Bunzl to a “hold” rating and increased their target price for the stock from GBX 2,950 to GBX 3,000 in a research report on Wednesday. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research note on Tuesday, June 23rd. Royal Bank Of Canada lifted their target price on shares of Bunzl from GBX 2,200 to GBX 2,600 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. upped their price target on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, Citigroup increased their price target on Bunzl from £280 to £300 and gave the company a “buy” rating in a report on Thursday, June 25th.

Bunzl Stock Performance

Shares of LON:BNZL opened at GBX 2,750 on Thursday. The firm has a market capitalization of £8.83 billion, a PE ratio of 19.52, a P/E/G ratio of 5.40 and a beta of 0.32. The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73. The business has a 50-day moving average of GBX 2,672.15 and a two-hundred day moving average of GBX 2,403.45. Bunzl has a 12 month low of GBX 1,981 and a 12 month high of GBX 2,886.

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. It also provides food packaging, disposable tableware, guest amenities, catering equipment, agricultural supplies, cleaning and hygiene products, and safety items to hotels, restaurants, contract caterers, food processors, commercial growers, and the leisure sector; and gloves, boots, hard hats, ear and eye protection, and other workwear, as well as cleaning and hygiene supplies, and asset protection products to industrial and construction, and ecommerce sectors.