Bunzl plc (LON:BNZL) has earned a consensus recommendation of "Hold" from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 2,029.09 ($26.51).
Several research analysts have weighed in on BNZL shares. Barclays increased their price target on shares of Bunzl from GBX 2,000 ($26.13) to GBX 2,350 ($30.71) and gave the company an "overweight" rating in a report on Wednesday, June 17th. JPMorgan Chase & Co. raised shares of Bunzl to an "overweight" rating and increased their price target for the company from GBX 2,000 ($26.13) to GBX 2,350 ($30.71) in a report on Friday, June 26th. Morgan Stanley increased their price target on shares of Bunzl from GBX 1,600 ($20.91) to GBX 1,720 ($22.47) and gave the stock an "equal weight" rating in a research report on Friday, June 19th. Deutsche Bank increased their price target on shares of Bunzl from GBX 1,920 ($25.09) to GBX 2,175 ($28.42) and gave the stock a "buy" rating in a research report on Tuesday, June 16th. Finally, Goldman Sachs Group increased their price target on shares of Bunzl from GBX 2,350 ($30.71) to GBX 2,500 ($32.67) and gave the stock a "buy" rating in a research report on Monday, June 22nd.
In other news, insider Peter Ventress bought 2,608 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was acquired at an average price of GBX 2,160 ($28.22) per share, with a total value of £56,332.80 ($73,608.78).
BNZL stock opened at GBX 2,443 ($31.92) on Wednesday. The company has a debt-to-equity ratio of 132.69, a current ratio of 1.34 and a quick ratio of 0.83. The company has a 50 day moving average price of GBX 2,362.09 and a 200 day moving average price of GBX 1,986.43. Bunzl has a fifty-two week low of GBX 1,242 ($16.23) and a fifty-two week high of GBX 2,521 ($32.94). The stock has a market capitalization of $8.23 billion and a PE ratio of 21.49.
Bunzl (LON:BNZL) last issued its earnings results on Monday, August 24th. The company reported GBX 70.10 ($0.92) EPS for the quarter, beating the consensus estimate of GBX 66.70 ($0.87) by GBX 3.40 ($0.04). As a group, equities analysts expect that Bunzl will post 12991.0009077 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 3rd will be paid a dividend of GBX 15.80 ($0.21) per share. This represents a yield of 0.65%. The ex-dividend date is Thursday, December 3rd. Bunzl's dividend payout ratio is presently 45.73%.
Bunzl Company Profile
Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.
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