Royal Bank Of Canada Reaffirms "Sector perform" Rating for Bunzl (LON:BNZL)

Key Points

• Royal Bank Of Canada has reaffirmed a "sector perform" rating for Bunzl with a price objective of GBX 2,350, indicating a potential downside of 6.67% from the current stock price.
• Other analysts have mixed views on Bunzl, with Shore Capital providing a "buy" rating and a target of GBX 3,040, while UBS Group issued a "sell" rating with a target of GBX 2,200.
• Bunzl's current stock performance shows a 52-week low of GBX 2,210 and a high of GBX 3,732, with a recent opening price at GBX 2,518.

Bunzl (LON:BNZL - Get Free Report)'s stock had its "sector perform" rating restated by investment analysts at Royal Bank Of Canada in a report released on Tuesday, Marketbeat.com reports. They currently have a GBX 2,350 price objective on the stock. Royal Bank Of Canada's price objective points to a potential downside of 6.67% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. Shore Capital reaffirmed a "buy" rating and issued a GBX 3,040 price objective on shares of Bunzl in a research report on Tuesday. UBS Group reiterated a "sell" rating and issued a GBX 2,200 price target on shares of Bunzl in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Bunzl presently has an average rating of "Hold" and a consensus target price of GBX 2,908.

Bunzl Stock Performance

Shares of Bunzl stock opened at GBX 2,518 on Tuesday. Bunzl has a 52 week low of GBX 2,210 and a 52 week high of GBX 3,732. The stock has a market capitalization of £8.23 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 5.40 and a beta of 0.45. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The firm has a fifty day moving average of GBX 2,309.38 and a two-hundred day moving average of GBX 2,598.87.

Bunzl (LON:BNZL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported GBX 77.80 earnings per share (EPS) for the quarter. Bunzl had a net margin of 4.20% and a return on equity of 16.82%. As a group, equities research analysts predict that Bunzl will post 213.3413462 EPS for the current year.

Insider Transactions at Bunzl

In related news, insider Jacky Simmonds bought 2,200 shares of Bunzl stock in a transaction that occurred on Monday, June 23rd. The shares were acquired at an average cost of GBX 2,328 per share, for a total transaction of £51,216. Also, insider Richard Howes purchased 4,471 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was acquired at an average cost of GBX 2,219 per share, for a total transaction of £99,211.49. In the last 90 days, insiders purchased 15,132 shares of company stock worth $34,939,160. 0.84% of the stock is owned by insiders.

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.