Bunzl plc (LON:BNZL) Given Average Recommendation of “Hold” by Brokerages

Bunzl plc (LON:BNZL) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 3,375 ($41.97).

BNZL has been the subject of several recent research reports. Shore Capital reissued a “buy” rating on shares of Bunzl in a report on Thursday, December 19th. Citigroup raised Bunzl to a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group restated an “underperform” rating and set a GBX 2,800 ($34.82) target price on shares of Bunzl in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. boosted their target price on Bunzl from GBX 3,980 ($49.50) to GBX 4,150 ($51.61) and gave the stock an “overweight” rating in a research report on Thursday, December 5th.

Bunzl Stock Performance

Shares of LON:BNZL opened at GBX 3,422 ($42.56) on Friday. The stock has a market capitalization of £11.43 billion, a P/E ratio of 2,360.00, a P/E/G ratio of 5.40 and a beta of 0.45. Bunzl has a 1-year low of GBX 2,896 ($36.02) and a 1-year high of GBX 3,732 ($46.41). The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. The business has a 50-day moving average price of GBX 3,402.77 and a two-hundred day moving average price of GBX 3,407.09.

About Bunzl

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.