Bunzl plc (BNZL.L) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: six brokerages give Bunzl an average “Hold” rating, with three holds, two buys and one sell. The reported average 12-month price target is GBX 7,175, while recently cited individual targets range from GBX 2,300 to GBX 3,000.
• Bunzl shares opened at GBX 2,844.85, near their 52-week high of GBX 2,898, with a market capitalization of approximately £8.99 billion and a P/E ratio of 18.84.
• The company reported quarterly EPS of GBX 65.70, a 4.82% net margin and 20.61% return on equity. Insider Frank van Zanten also bought 34,946 shares for roughly £919,080 in September.

Bunzl plc (LON:BNZL - Get Free Report) has earned an average recommendation of "Hold" from the six ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 7,175.

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Bunzl from GBX 2,730 to GBX 3,000 and gave the stock a "hold" rating in a research note on Wednesday, October 21st. Jefferies Financial Group restated an "underperform" rating and set a GBX 2,300 price objective on shares of Bunzl in a research note on Tuesday, October 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 2,600 target price on shares of Bunzl in a report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Bunzl from GBX 2,610 to GBX 2,800 and gave the stock an "overweight" rating in a research note on Wednesday, September 2nd.

Bunzl Price Performance

Shares of Bunzl stock opened at GBX 2,844.85 on Tuesday. The business has a 50 day moving average of GBX 2,705.97 and a 200 day moving average of GBX 2,464.33. The company has a market cap of £8.99 billion, a PE ratio of 18.84, a P/E/G ratio of 5.40 and a beta of 0.32. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 95.61. Bunzl has a 52 week low of GBX 1,981 and a 52 week high of GBX 2,898.

Bunzl (LON:BNZL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share (EPS) for the quarter. Bunzl had a net margin of 4.82% and a return on equity of 20.61%. As a group, equities research analysts forecast that Bunzl will post 213.34 earnings per share for the current year.

Insider Buying and Selling at Bunzl

In other news, insider Frank van Zanten acquired 34,946 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The stock was bought at an average cost of GBX 2,630 per share, for a total transaction of £919,079.80. 0.48% of the stock is owned by company insiders.

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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