Bunzl (LON:BNZL) Stock Rating Reaffirmed by Goldman Sachs Group

Goldman Sachs Group reiterated their buy rating on shares of Bunzl (LON:BNZL) in a report released on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other analysts have also weighed in on BNZL. UBS Group dropped their price objective on Bunzl from GBX 2,400 ($31.36) to GBX 2,250 ($29.40) and set a neutral rating for the company in a research note on Wednesday, July 10th. Barclays reissued an overweight rating on shares of Bunzl in a research note on Thursday, July 4th. JPMorgan Chase & Co. reissued a neutral rating on shares of Bunzl in a research note on Wednesday, May 15th. Credit Suisse Group lowered Bunzl to an underperform rating and dropped their price objective for the company from GBX 2,450 ($32.01) to GBX 2,100 ($27.44) in a research note on Thursday, May 2nd. Finally, Deutsche Bank dropped their price objective on Bunzl from GBX 2,540 ($33.19) to GBX 2,380 ($31.10) and set a buy rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Bunzl has an average rating of Hold and an average target price of GBX 2,327 ($30.41).

LON:BNZL opened at GBX 2,032 ($26.55) on Tuesday. The firm has a market cap of $6.84 billion and a PE ratio of 20.78. Bunzl has a fifty-two week low of GBX 2,006 ($26.21) and a fifty-two week high of GBX 2,554 ($33.37). The company has a debt-to-equity ratio of 110.35, a quick ratio of 0.82 and a current ratio of 1.43. The business has a 50 day moving average price of GBX 2,123.52 and a 200-day moving average price of GBX 2,280.59.



In related news, insider Frank van Zanten sold 3,699 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of GBX 2,113 ($27.61), for a total value of £78,159.87 ($102,129.71).

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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Analyst Recommendations for Bunzl (LON:BNZL)

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