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

Shares of Bunzl plc (LON:BNZL) have earned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 3,375 ($42.89).

Several equities research analysts recently issued reports on the company. Shore Capital reiterated a “buy” rating on shares of Bunzl in a report on Thursday, December 19th. Citigroup upgraded Bunzl to a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on Bunzl from GBX 3,980 ($50.58) to GBX 4,150 ($52.74) and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 2,800 ($35.58) price objective on shares of Bunzl in a research note on Tuesday, December 17th.

Bunzl Trading Up 0.1 %

Shares of Bunzl stock opened at GBX 3,074 ($39.06) on Tuesday. The stock has a fifty day simple moving average of GBX 3,364.95 and a 200 day simple moving average of GBX 3,427.29. Bunzl has a 12-month low of GBX 2,896 ($36.80) and a 12-month high of GBX 3,732 ($47.43). The company has a market capitalization of £10.05 billion, a P/E ratio of 21.25, a price-to-earnings-growth 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 (LON:BNZL) last announced its quarterly earnings results on Monday, March 3rd. The company reported GBX 194.30 ($2.47) earnings per share (EPS) for the quarter. Bunzl had a return on equity of 16.82% and a net margin of 4.20%. On average, sell-side analysts anticipate that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

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.