Bunzl (LON:BNZL) Receives “Buy” Rating from Goldman Sachs Group

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Bunzl (LON:BNZL)‘s stock had its “buy” rating reiterated by investment analysts at Goldman Sachs Group in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also recently commented on BNZL. JPMorgan Chase & Co. restated a “neutral” rating on shares of Bunzl in a research note on Wednesday, May 15th. Deutsche Bank decreased their price target on Bunzl from GBX 2,540 ($33.19) to GBX 2,380 ($31.10) and set a “buy” rating on the stock in a research note on Friday, August 9th. UBS Group decreased their price target on Bunzl from GBX 2,400 ($31.36) to GBX 2,250 ($29.40) and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Barclays restated an “overweight” rating on shares of Bunzl in a research note on Thursday, July 4th. Finally, Credit Suisse Group cut Bunzl to an “underperform” rating and decreased their price target for the stock from GBX 2,450 ($32.01) to GBX 2,100 ($27.44) in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Bunzl currently has a consensus rating of “Hold” and an average price target of GBX 2,327 ($30.41).

LON:BNZL opened at GBX 2,038 ($26.63) on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.43 and a debt-to-equity ratio of 110.35. The stock’s fifty day moving average price is GBX 2,126.96. Bunzl has a 52 week low of GBX 2,026 ($26.47) and a 52 week high of GBX 2,554 ($33.37). The firm has a market capitalization of $6.86 billion and a PE ratio of 20.84.

In other news, insider Frank van Zanten sold 3,699 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of GBX 2,113 ($27.61), for a total value of £78,159.87 ($102,129.71).

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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