Bunzl plc (LON:BNZL) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Bunzl plc has a consensus analyst rating of “Hold” from eight research firms, with a split of two sells, two holds, and four buys. The average 1-year price target among analysts is GBX 5,956.25.
• Several brokerages recently updated their views, including Deutsche Bank and Citigroup reiterating buy ratings, while RBC lifted its target price and kept a sector perform view. JPMorgan also raised its price objective and maintained an overweight rating.
• Insider activity showed Frank van Zanten sold 15,000 shares on May 8 for about £359,100. Bunzl’s shares were up 0.5% on the day and were trading near their 52-week high.

Shares of Bunzl plc (LON:BNZL - Get Free Report) have been given a consensus rating of "Hold" by the eight research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 5,956.25.

A number of brokerages recently weighed in on BNZL. Stifel Nicolaus reissued a "hold" rating and issued a GBX 2,350 price target on shares of Bunzl in a report on Wednesday, April 22nd. Royal Bank Of Canada increased their target price on shares of Bunzl from GBX 2,200 to GBX 2,600 and gave the company a "sector perform" rating in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 2,950 price target on shares of Bunzl in a research note on Wednesday, June 24th. Citigroup lifted their price target on shares of Bunzl from £280 to £300 and gave the stock a "buy" rating in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. upped their price objective on Bunzl from GBX 2,580 to GBX 2,610 and gave the company an "overweight" rating in a research note on Wednesday, June 24th.

Insider Activity

In other news, insider Frank van Zanten sold 15,000 shares of the company's stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 2,394, for a total transaction of £359,100. 0.38% of the stock is currently owned by insiders.

Bunzl Stock Up 0.5%

Shares of LON:BNZL opened at GBX 2,796 on Friday. The company has a market capitalization of £8.98 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73. The business has a fifty day moving average price of GBX 2,519.41 and a two-hundred day moving average price of GBX 2,310. Bunzl has a 1 year low of GBX 1,981 and a 1 year high of GBX 2,800.

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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