Bunzl (LON:BNZL) Earns "Sector perform" Rating from Royal Bank Of Canada

Key Points

• Bunzl (LON:BNZL) has maintained a "sector perform" rating from Royal Bank Of Canada, with a price target of GBX 2,350, indicating a potential downside of 3.21% from its current price.
• Analyst ratings for Bunzl show a mix, with three "buy" ratings, one "hold," and two "sell" ratings, resulting in an average target price of GBX 2,728.
• The company's recent quarterly earnings report showed earnings of GBX 77.80 per share, with analysts forecasting an annual EPS of approximately 213.34.

Bunzl (LON:BNZL - Get Free Report)'s stock had its "sector perform" rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 2,350 price target on the stock. Royal Bank Of Canada's target price indicates a potential downside of 3.21% from the company's current price.

BNZL has been the topic of several other research reports. Shore Capital restated a "buy" rating and issued a GBX 3,040 price target on shares of Bunzl in a research note on Tuesday, August 26th. UBS Group restated a "sell" rating and issued a GBX 2,200 price target on shares of Bunzl in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of GBX 2,728.

Bunzl Stock Down 0.4%

BNZL stock opened at GBX 2,428 on Thursday. Bunzl has a fifty-two week low of GBX 2,210 and a fifty-two week high of GBX 3,634. The business's 50 day moving average price is GBX 2,400.61 and its two-hundred day moving average price is GBX 2,447.68. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The company has a market capitalization of £7.85 billion, a price-to-earnings ratio of 1,669.88, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

Bunzl (LON:BNZL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The company reported GBX 77.80 earnings per share for the quarter. Bunzl had a return on equity of 16.82% and a net margin of 4.20%. As a group, analysts forecast that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

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.

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