Bunzl (LON:BNZL) issued its quarterly earnings data on Monday. The company reported GBX 119.40 ($1.65) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 114 ($1.58) by GBX 5.40 ($0.07), Digital Look Earnings reports. Bunzl had a return on equity of 20.29% and a net margin of 3.20%. The firm had revenue of £85,809 billion during the quarter.
Bunzl (BNZL) traded down GBX 14.50 ($0.20) during trading hours on Wednesday, reaching GBX 1,955 ($27.01). The company’s stock had a trading volume of 1,000,126 shares, compared to its average volume of 1,130,000. Bunzl has a 1 year low of GBX 1,930 ($26.66) and a 1 year high of GBX 2,472 ($34.15). The firm has a market capitalization of $6,570.00 and a PE ratio of 2,079.79.
BNZL has been the subject of a number of recent research reports. Berenberg Bank initiated coverage on Bunzl in a research report on Friday, November 17th. They set a “hold” rating and a GBX 2,250 ($31.09) target price for the company. Deutsche Bank boosted their target price on Bunzl from GBX 2,540 ($35.09) to GBX 2,630 ($36.34) and gave the stock a “buy” rating in a research report on Friday, January 12th. Goldman Sachs Group restated a “buy” rating and set a GBX 2,500 ($34.54) target price on shares of Bunzl in a research report on Wednesday, January 24th. Credit Suisse Group boosted their target price on Bunzl from GBX 2,400 ($33.16) to GBX 2,470 ($34.13) and gave the stock an “outperform” rating in a research report on Monday, January 15th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Thursday, December 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 2,389.77 ($33.02).
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Bunzl plc is engaged in the distribution and outsourcing service. It supplies a range of non-food products to a range of market sectors. Its segments include North America, Continental Europe, UK & Ireland, and Rest of the World. It serves six market sectors, including foodservice, which offers non-food consumables, including food packaging and guest amenities, to hotels and restaurants, among others; grocery, which includes foods not for resale, including films and labels, to grocery stores and supermarkets, among others; cleaning and hygiene, which offers materials, including chemicals and hygiene paper, to cleaning and facilities management companies, among others; safety, which offers personal protection equipment, to industrial and construction markets; retail, which includes goods not for resale, such as packaging and other store supplies, and healthcare, which offers disposable healthcare consumables, including gloves and bandages, to hospitals and care homes, among others.
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