Bunzl (LON:BNZL) Receives Buy Rating from Shore Capital

Bunzl (LON:BNZL)‘s stock had its “buy” rating restated by Shore Capital in a report issued on Thursday,Digital Look reports.

BNZL has been the subject of a number of other reports. Royal Bank of Canada upgraded Bunzl to a “sector perform” rating and increased their price objective for the stock from GBX 2,700 ($33.95) to GBX 3,350 ($42.12) in a report on Thursday, August 29th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,800 ($35.20) price objective on shares of Bunzl in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Bunzl from GBX 3,980 ($50.04) to GBX 4,150 ($52.18) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 3,375 ($42.43).

Bunzl Stock Down 0.7 %

BNZL traded down GBX 22 ($0.28) during trading on Thursday, hitting GBX 3,302 ($41.51). The company had a trading volume of 1,170,307 shares, compared to its average volume of 914,692. The company has a market capitalization of £11.03 billion, a PE ratio of 2,277.24, a PEG ratio of 5.40 and a beta of 0.45. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00. Bunzl has a one year low of GBX 2,896 ($36.41) and a one year high of GBX 3,732 ($46.92). The firm’s 50-day moving average price is GBX 3,505.98 and its 200 day moving average price is GBX 3,320.23.

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.