Bunzl (LON:BNZL) Releases Earnings Results

Bunzl (LON:BNZL) issued its earnings results on Monday. The company reported GBX 194.30 ($2.49) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Bunzl had a return on equity of 16.82% and a net margin of 4.20%.

Bunzl Trading Down 0.3 %

Shares of BNZL opened at GBX 3,028 ($38.74) on Wednesday. The firm has a market cap of £9.90 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 5.40 and a beta of 0.45. Bunzl has a 52-week low of GBX 2,896 ($37.05) and a 52-week high of GBX 3,732 ($47.74). The business’s fifty day moving average is GBX 3,355.07 and its 200-day moving average is GBX 3,424.63. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15.

Analyst Upgrades and Downgrades

BNZL has been the subject of several research analyst reports. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 2,800 ($35.82) target price on shares of Bunzl in a research note on Tuesday, December 17th. Shore Capital reissued a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. Citigroup raised Bunzl to a “buy” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price target on Bunzl from GBX 3,980 ($50.91) to GBX 4,150 ($53.09) and gave the company an “overweight” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 3,375 ($43.18).

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.