Bunzl plc (LON:BNZL) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on Bunzl, with two sell, three hold and three buy recommendations. The average 12-month price target is GBX 5,962.50.
• Recent research actions were mixed: Jefferies reiterated “underperform,” Deutsche Bank downgraded the stock to “hold,” while Citigroup raised its target to £300 and retained a “buy” rating.
• Bunzl shares opened at GBX 2,750, near the upper end of their 52-week range of GBX 1,981 to GBX 2,886. The company has a market capitalization of approximately £8.83 billion and a P/E ratio of 19.52.

Shares of Bunzl plc (LON:BNZL - Get Free Report) have received an average recommendation of "Hold" from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 5,962.50.

Several research firms recently commented on BNZL. Jefferies Financial Group reiterated an "underperform" rating and issued a GBX 1,900 target price on shares of Bunzl in a research note on Tuesday, June 23rd. Stifel Nicolaus reissued a "hold" rating and issued a GBX 2,350 price target on shares of Bunzl in a research note on Wednesday, April 22nd. Royal Bank Of Canada lifted their price target on Bunzl from GBX 2,200 to GBX 2,600 and gave the company a "sector perform" rating in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Bunzl to a "hold" rating and upped their price objective for the company from GBX 2,950 to GBX 3,000 in a research note on Wednesday. Finally, Citigroup increased their price objective on shares of Bunzl from £280 to £300 and gave the stock a "buy" rating in a report on Thursday, June 25th.

Bunzl Trading Down 0.1%

Shares of Bunzl stock opened at GBX 2,750 on Thursday. Bunzl has a fifty-two week low of GBX 1,981 and a fifty-two week high of GBX 2,886. The business's fifty day moving average is GBX 2,672.15 and its two-hundred day moving average is GBX 2,403.45. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81. The firm has a market cap of £8.83 billion, a PE ratio of 19.52, a P/E/G ratio of 5.40 and a beta of 0.32.

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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