Bunzl's (BNZL) Buy Rating Reaffirmed at Shore Capital

Key Points

• Bunzl's stock has been given a "buy" rating by Shore Capital with a price target of GBX 3,040, indicating a potential upside of 21.31% from the previous close.
• UBS Group has issued a conflicting "sell" rating with a price objective of GBX 2,200, highlighting a diverse range of analyst opinions on the stock.
• In recent insider trading, executives bought a total of 15,132 shares valued at approximately $34.9 million, indicating confidence in the company's future performance.

Shore Capital reiterated their buy rating on shares of Bunzl (LON:BNZL - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. They currently have a GBX 3,040 price objective on the stock.

Separately, UBS Group reissued a "sell" rating and set a GBX 2,200 price objective on shares of Bunzl in a report 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of GBX 2,908.

Bunzl Stock Performance

BNZL stock remained flat at GBX 2,490 during trading on Tuesday. 1,018,529 shares of the company were exchanged, compared to its average volume of 1,679,550. The stock has a market cap of £8.14 billion, a P/E ratio of 17.21, a P/E/G ratio of 5.40 and a beta of 0.45. Bunzl has a 52-week low of GBX 2,210 and a 52-week high of GBX 3,732. The firm's 50-day moving average is GBX 2,314.14 and its 200 day moving average is GBX 2,592.58. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00.

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

Insider Activity

In related news, insider Peter Ventress purchased 4,289 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was purchased at an average price of GBX 2,319 per share, with a total value of £99,461.91. Also, insider Jacky Simmonds purchased 2,200 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were bought at an average cost of GBX 2,328 per share, with a total value of £51,216. Insiders bought a total of 15,132 shares of company stock valued at $34,939,160 over the last 90 days. Insiders own 0.84% of the company's stock.

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.