Bunzl (LON:BNZL) Stock Rating Lowered by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank downgraded Bunzl to “hold” but raised its price target to GBX 3,000 from GBX 2,950, implying approximately 8.46% upside from the current price.
• Analyst sentiment remains mixed, with three buy, three hold, and two sell ratings; MarketBeat reports an overall consensus rating of “hold.”
• Bunzl shares opened at GBX 2,766, near their 52-week high of GBX 2,886, while the company had an £8.88 billion market capitalization and a P/E ratio of 19.63.

Bunzl (LON:BNZL - Get Free Report) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a "hold" rating in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They currently have a GBX 3,000 price objective on the stock, up from their previous price objective of GBX 2,950. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 8.46% from the company's current price.

A number of other brokerages have also issued reports on BNZL. Jefferies Financial Group reaffirmed an "underperform" rating and set a GBX 1,900 price target on shares of Bunzl in a research note on Tuesday, June 23rd. Stifel Nicolaus restated a "hold" rating and issued a GBX 2,350 target price on shares of Bunzl in a report on Wednesday, April 22nd. Citigroup raised their target price on Bunzl from £280 to £300 and gave the stock a "buy" rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. upped their price target on Bunzl from GBX 2,580 to GBX 2,610 and gave the company an "overweight" rating in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada increased their price objective on Bunzl from GBX 2,200 to GBX 2,600 and gave the stock a "sector perform" rating in a research note on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 5,962.50.

Bunzl Stock Performance

BNZL stock opened at GBX 2,766 on Wednesday. The company has a 50-day simple moving average of GBX 2,664.87 and a 200 day simple moving average of GBX 2,398.78. The company has a market capitalization of £8.88 billion, a P/E ratio of 19.63, a PEG ratio of 5.40 and a beta of 0.32. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81. Bunzl has a fifty-two week low of GBX 1,981 and a fifty-two week high of GBX 2,886.

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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