Bunzl (LON:BNZL) Given New GBX 3,000 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised Bunzl’s price target to GBX 3,000 from GBX 2,730 while maintaining a “hold” rating, implying roughly 9% potential upside.
• Analyst sentiment remains mixed, with a consensus “Hold” rating; other firms’ targets range from GBX 2,300 to GBX 3,000.
• Bunzl shares opened at GBX 2,752, with a market capitalization of approximately £8.69 billion. Insider Frank van Zanten also purchased nearly £919,000 worth of shares.

Bunzl (LON:BNZL - Get Free Report) had its price target hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 2,730 to GBX 3,000 in a report released on Wednesday, Digital Look reports. The firm presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 9.01% from the stock's current price.

A number of other research firms have also commented on BNZL. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 2,600 price objective on shares of Bunzl in a research note on Tuesday, September 1st. Jefferies Financial Group restated an "underperform" rating and issued a GBX 2,300 target price on shares of Bunzl in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on Bunzl from GBX 2,610 to GBX 2,800 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Finally, Citigroup upped their target price on Bunzl from £280 to £300 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Bunzl presently has a consensus rating of "Hold" and a consensus price target of GBX 7,175.

Bunzl Stock Up 0.8%

BNZL opened at GBX 2,752 on Wednesday. Bunzl has a one year low of GBX 1,981 and a one year high of GBX 2,898. The company has a debt-to-equity ratio of 95.61, a quick ratio of 0.73 and a current ratio of 1.38. The stock's fifty day moving average is GBX 2,700.10 and its 200-day moving average is GBX 2,587.50. The company has a market capitalization of £8.69 billion, a PE ratio of 18.23, a P/E/G ratio of 5.40 and a beta of 0.32.

Bunzl (LON:BNZL - Get Free Report) last released its earnings results on Tuesday, September 1st. The company reported GBX 65.70 EPS for the quarter. Bunzl had a net margin of 4.82% and a return on equity of 20.61%. On average, equities analysts predict that Bunzl will post 213.34 EPS for the current fiscal year.

Insider Transactions at Bunzl

In related news, insider Frank van Zanten acquired 34,946 shares of the stock in a transaction dated Thursday, September 17th. The shares were acquired at an average price of GBX 2,630 per share, for a total transaction of £919,079.80. 0.48% of the stock is owned by company insiders.

Bunzl Company Profile

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.

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