Analysts Set Bunzl plc (LON:BNZL) PT at GBX 3,125

Key Points

• Bunzl plc has received a consensus recommendation of "Hold" from six ratings firms, with two analysts recommending a sell, one a hold, and three a buy.
• Insiders have shown confidence in the company by buying a total of 15,132 shares valued at approximately $34.9 million over the last three months.
• The stock recently traded at GBX 2,280 ($30.85), reflecting a 0.2% increase, with a market cap of £7.46 billion.

Bunzl plc (LON:BNZL - Get Free Report) has received a consensus recommendation of "Hold" from the six ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 3,125.

Several equities research analysts recently issued reports on the stock. Shore Capital reaffirmed a "buy" rating on shares of Bunzl in a research note on Tuesday, April 29th. UBS Group reissued a "sell" rating and issued a GBX 2,200 target price on shares of Bunzl in a research report on Friday, August 15th.

Bunzl Stock Up 1.1%

Bunzl stock traded up GBX 26 during midday trading on Friday, hitting GBX 2,360. 1,243,068 shares of the stock were exchanged, compared to its average volume of 1,697,846. Bunzl has a 1 year low of GBX 2,210 and a 1 year high of GBX 3,732. The firm has a market cap of £7.72 billion, a P/E ratio of 16.31, a P/E/G ratio of 5.40 and a beta of 0.45. The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. The company has a 50 day moving average price of GBX 2,294.04 and a two-hundred day moving average price of GBX 2,640.68.

Insider Transactions at Bunzl

In related news, insider Richard Howes bought 4,471 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was bought at an average price of GBX 2,219 per share, with a total value of £99,211.49. Also, insider Peter Ventress bought 4,172 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was bought at an average cost of GBX 2,385 per share, with a total value of £99,502.20. In the last 90 days, insiders purchased 15,132 shares of company stock valued at $34,939,160. Insiders own 0.84% of the company's stock.

About Bunzl

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.