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

Key Points

• Bunzl plc has received a consensus recommendation of "Hold" from six research firms, with two analysts rating the stock as a sell and three as a buy, while the average price target is GBX 2,908.
• Insider transactions reveal that two insiders purchased a total of 6,372 shares, indicating confidence in the company's stock amidst a market cap of £8.42 billion.
• Recently, Bunzl reported earnings per share of GBX 77.80 for the quarter, with a projected full-year earnings of approximately 213.34 earnings per share expected by analysts.

Bunzl plc (LON:BNZL - Get Free Report) has been given an average rating of "Hold" by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 2,908.

BNZL has been the subject of a number of recent analyst reports. Shore Capital reaffirmed a "buy" rating and set a GBX 3,040 price target on shares of Bunzl in a report on Tuesday, August 26th. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 2,350 target price on shares of Bunzl in a research note on Tuesday, August 26th. Finally, UBS Group reissued a "sell" rating and issued a GBX 2,200 target price on shares of Bunzl in a research note on Friday, August 15th.

Insider Activity

In related news, insider Peter Ventress acquired 4,172 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was acquired at an average cost of GBX 2,385 per share, with a total value of £99,502.20. Also, insider Richard Howes acquired 4,471 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were bought at an average cost of GBX 2,219 per share, with a total value of £99,211.49. In the last ninety days, insiders bought 15,132 shares of company stock valued at $34,939,160. Company insiders own 0.38% of the company's stock.

Bunzl Price Performance

BNZL stock traded down GBX 30 during midday trading on Tuesday, reaching GBX 2,496. 1,068,862 shares of the company's stock traded hands, compared to its average volume of 2,319,304. The company has a 50-day simple moving average of GBX 2,360.89 and a two-hundred day simple moving average of GBX 2,527.23. Bunzl has a 1-year low of GBX 2,210 and a 1-year high of GBX 3,732. The company has a market cap of £8.11 billion, a price-to-earnings ratio of 1,716.64, a PEG ratio of 5.40 and a beta of 0.45. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00.

Bunzl (LON:BNZL - Get Free Report) last released 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%. On average, analysts anticipate that Bunzl will post 213.3413462 earnings per share for the current year.

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.