Brokerages Set Bunzl plc (BNZL) Target Price at $2,481.25

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Shares of Bunzl plc (LON:BNZL) have received an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 2,481.25 ($32.42).

A number of equities analysts have recently weighed in on BNZL shares. UBS Group reaffirmed a “neutral” rating on shares of Bunzl in a research report on Tuesday, February 26th. Barclays upped their target price on Bunzl from GBX 2,600 ($33.97) to GBX 2,700 ($35.28) and gave the stock an “overweight” rating in a research report on Wednesday, February 27th. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research report on Wednesday, February 20th. Jefferies Financial Group upped their target price on Bunzl from GBX 1,650 ($21.56) to GBX 2,050 ($26.79) and gave the stock an “underperform” rating in a research report on Tuesday, April 9th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating on shares of Bunzl in a research report on Friday, February 1st.

In related news, insider Brian May sold 25,887 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of GBX 2,411 ($31.50), for a total transaction of £624,135.57 ($815,543.67). Also, insider Frank van Zanten sold 8,190 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of GBX 2,376 ($31.05), for a total value of £194,594.40 ($254,272.05).

Shares of LON:BNZL traded up GBX 18 ($0.24) during trading on Wednesday, reaching GBX 2,530 ($33.06). 506,970 shares of the stock were exchanged, compared to its average volume of 1,290,000. The company has a quick ratio of 0.82, a current ratio of 1.43 and a debt-to-equity ratio of 110.35. Bunzl has a 1-year low of GBX 2,059 ($26.90) and a 1-year high of GBX 2,554 ($33.37). The firm has a market capitalization of $8.44 billion and a price-to-earnings ratio of 25.87.

The business also recently declared a dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, May 23rd will be issued a dividend of GBX 35 ($0.46) per share. The ex-dividend date is Thursday, May 23rd. This represents a yield of 1.38%. This is an increase from Bunzl’s previous dividend of $15.20. Bunzl’s dividend payout ratio is 0.51%.

About Bunzl

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.

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Analyst Recommendations for Bunzl (LON:BNZL)

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