Bunzl plc (LON:BNZL) Given Consensus Rating of “Hold” by Brokerages

Bunzl plc (LON:BNZL) has been given an average rating of “Hold” by the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 3,375 ($41.05).

Several research firms recently weighed in on BNZL. Citigroup raised shares of Bunzl to a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on shares of Bunzl from GBX 3,980 ($48.41) to GBX 4,150 ($50.47) and gave the company an “overweight” rating in a research report on Thursday, December 5th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 2,800 ($34.05) target price on shares of Bunzl in a report on Tuesday, December 17th. Finally, Shore Capital restated a “buy” rating on shares of Bunzl in a report on Thursday, December 19th.

Bunzl Price Performance

Shares of BNZL opened at GBX 3,436 ($41.79) on Monday. The stock has a market cap of £11.48 billion, a P/E ratio of 2,369.66, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. Bunzl has a 1 year low of GBX 2,896 ($35.22) and a 1 year high of GBX 3,732 ($45.39). The stock’s 50-day moving average price is GBX 3,414.33 and its two-hundred day moving average price is GBX 3,374.85. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00.

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.