Bunzl plc (LON:BNZL) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Bunzl received a consensus “Hold” rating from seven analysts: two rated it a buy, three a hold, and two a sell. The average 12-month price target was GBX 6,407.14.
• Recent broker views were mixed, with JPMorgan and Citigroup raising their targets and issuing positive ratings, while Jefferies maintained an “underperform” rating; RBC and Deutsche Bank retained neutral stances.
• Bunzl shares opened at GBX 2,648, down 0.4%, with a market capitalization of approximately £8.50 billion. The company reported quarterly EPS of GBX 65.70 and analysts expect full-year EPS of about GBX 213.34.

Bunzl plc (LON:BNZL - Get Free Report) has received a consensus rating of "Hold" from the seven analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 6,407.14.

A number of equities research analysts recently commented on BNZL shares. JPMorgan Chase & Co. increased their price objective on shares of Bunzl from GBX 2,610 to GBX 2,800 and gave the company an "overweight" rating in a research note on Wednesday, September 2nd. Citigroup lifted their target price on shares of Bunzl from £280 to £300 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 2,600 price target on shares of Bunzl in a research report on Tuesday, September 1st. Jefferies Financial Group reissued an "underperform" rating and set a GBX 1,900 price objective on shares of Bunzl in a research note on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 3,000 price objective on shares of Bunzl in a research report on Wednesday, September 2nd.

Bunzl Stock Down 0.4%

BNZL opened at GBX 2,648 on Monday. The company has a debt-to-equity ratio of 95.61, a quick ratio of 0.73 and a current ratio of 1.38. The company has a market cap of £8.50 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 5.40 and a beta of 0.32. Bunzl has a one year low of GBX 1,981 and a one year high of GBX 2,898. The business's fifty day moving average is GBX 2,744 and its two-hundred day moving average is GBX 2,482.31.

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 for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. Analysts anticipate that Bunzl will post 213.3413462 EPS for the current fiscal 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. 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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