Bunzl - BNZL Share Forecast, Price & News

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. In addition, the company offers chemicals and hygiene paper to cleaning and facilities management companies, and industrial and public customers; gloves, masks, swabs, gowns, bandages, and other healthcare related equipment; and healthcare devices to hospitals, care homes, and other facilities serving the healthcare sector. Further, it provides packaging and other store supplies to retail chains, boutiques, department stores, home improvement chains, office supply companies, and related e-commerce sales channels. The company was founded in 1854 and is headquartered in London, the United Kingdom.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Berenberg Bank reissued a "hold" rating and set a GBX 2,950 ($35.65) target price on shares of Bunzl in a research report on Friday, June 17th. Credit Suisse Group decreased their target price on shares of Bunzl from GBX 3,050 ($36.85) to GBX 2,800 ($33.83) and set a "neutral" rating for the company in a research report on Thursday, June 30th. Barclays reissued an "equal weight" rating and set a GBX 2,935 ($35.46) target price on shares of Bunzl in a research report on Monday, July 11th. Royal Bank of Canada restated a "sector perform" rating and set a GBX 2,700 ($32.62) price target on shares of Bunzl in a report on Tuesday, July 5th. Finally, Morgan Stanley restated an "underweight" rating on shares of Bunzl in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 2,879.44 ($34.79).

Bunzl Stock Up 0.5 %

LON:BNZL traded up GBX 15 ($0.18) during mid-day trading on Wednesday, hitting GBX 3,163 ($38.22). The company's stock had a trading volume of 392,098 shares, compared to its average volume of 738,702. The company's 50 day simple moving average is GBX 2,870.42 and its 200 day simple moving average is GBX 2,885.17. Bunzl has a twelve month low of GBX 2,363 ($28.55) and a twelve month high of GBX 3,180 ($38.42). The company has a current ratio of 1.34, a quick ratio of 0.77 and a debt-to-equity ratio of 118.60. The firm has a market capitalization of £10.68 billion and a price-to-earnings ratio of 2,396.21.