Bunzl’s (BNZL) “Buy” Rating Reiterated at Shore Capital

Bunzl (LON:BNZL)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital in a research note issued to investors on Thursday, Digital Look reports.

Several other brokerages also recently issued reports on BNZL. JPMorgan Chase & Co. upped their target price on shares of Bunzl from GBX 3,300 ($42.85) to GBX 3,380 ($43.88) and gave the stock a “neutral” rating in a research note on Friday, June 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 3,200 ($41.55) target price on shares of Bunzl in a research note on Friday, June 28th. Royal Bank of Canada upgraded shares of Bunzl to a “sector perform” rating and increased their price objective for the company from GBX 2,700 ($35.06) to GBX 3,350 ($43.50) in a research report on Thursday, August 29th. Finally, Jefferies Financial Group increased their price objective on shares of Bunzl from GBX 2,600 ($33.76) to GBX 2,800 ($36.35) and gave the company an “underperform” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 3,182.50 ($41.32).

Bunzl Stock Down 1.8 %

BNZL traded down GBX 64 ($0.83) during midday trading on Thursday, reaching GBX 3,482 ($45.21). The company’s stock had a trading volume of 2,932,565 shares, compared to its average volume of 941,097. The firm has a market capitalization of £11.63 billion, a price-to-earnings ratio of 2,397.24, a PEG ratio of 5.40 and a beta of 0.45. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. Bunzl has a 1 year low of GBX 2,782 ($36.12) and a 1 year high of GBX 3,732 ($48.45). The stock’s 50-day moving average is GBX 3,471.52 and its 200-day moving average is GBX 3,207.77.

Insider Transactions at Bunzl

In related news, insider Jacky Simmonds bought 1,445 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was bought at an average cost of GBX 3,462 ($44.95) per share, with a total value of £50,025.90 ($64,951.83). Corporate insiders own 0.84% of the company’s stock.

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.