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.

Wall Street Analysts Forecast Growth

BNZL has been the subject of several recent analyst reports. Morgan Stanley reiterated an "underweight" rating on shares of Bunzl in a research note on Wednesday, May 11th. Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 2,700 ($32.62) target price on shares of Bunzl in a research note on Tuesday, July 5th. Shore Capital restated a "buy" rating on shares of Bunzl in a research note on Tuesday, August 2nd. Barclays reaffirmed an "equal weight" rating and set a GBX 2,935 ($35.46) price objective on shares of Bunzl in a research report on Monday, July 11th. Finally, Credit Suisse Group dropped their price objective on shares of Bunzl from GBX 3,050 ($36.85) to GBX 2,800 ($33.83) and set a "neutral" rating on the stock in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of GBX 2,879.44 ($34.79).

Bunzl Price Performance

Shares of LON:BNZL traded down GBX 18 ($0.22) during trading hours on Thursday, hitting GBX 3,137 ($37.90). 287,914 shares of the stock were exchanged, compared to its average volume of 746,906. The company's fifty day simple moving average is GBX 2,833.32 and its two-hundred day simple moving average is GBX 2,871.42. The company has a market cap of £10.59 billion and a PE ratio of 2,376.52. The company has a debt-to-equity ratio of 118.60, a quick ratio of 0.77 and a current ratio of 1.34. Bunzl has a 1-year low of GBX 2,363 ($28.55) and a 1-year high of GBX 3,180 ($38.42).