Bunzl’s (BNZL) Buy Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Bunzl (LON:BNZL) in a research note issued to investors on Thursday, Marketbeat reports.

A number of other research firms have also weighed in on BNZL. JPMorgan Chase & Co. increased their target price on shares of Bunzl from GBX 3,980 ($49.74) to GBX 4,150 ($51.87) and gave the stock an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada upgraded Bunzl to a “sector perform” rating and increased their price objective for the stock from GBX 2,700 ($33.75) to GBX 3,350 ($41.87) in a report on Thursday, August 29th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,800 ($35.00) price objective on shares of Bunzl in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 3,375 ($42.18).

Bunzl Trading Down 0.0 %

Shares of BNZL opened at GBX 3,254.81 ($40.68) on Thursday. The stock has a market capitalization of £10.87 billion, a P/E ratio of 2,244.70, a PEG ratio of 5.40 and a beta of 0.45. Bunzl has a twelve month low of GBX 2,896 ($36.20) and a twelve month high of GBX 3,732 ($46.64). The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00. The firm has a fifty day simple moving average of GBX 3,501.78 and a two-hundred day simple moving average of GBX 3,320.26.

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.