Bunzl plc (LON:BNZL) Receives GBX 3,375 Average PT from Brokerages

Shares of Bunzl plc (LON:BNZL) have earned an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,375 ($41.06).

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. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,800 ($34.07) target price on shares of Bunzl in a report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price target on shares of Bunzl from GBX 3,980 ($48.42) to GBX 4,150 ($50.49) and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Citigroup upgraded shares of Bunzl to a “buy” rating in a research note on Monday, January 13th.

Bunzl Stock Performance

Shares of BNZL opened at GBX 3,438 ($41.83) on Monday. The firm has a market capitalization of £11.48 billion, a P/E ratio of 2,371.03, a P/E/G ratio of 5.40 and a beta of 0.45. Bunzl has a 52 week low of GBX 2,896 ($35.24) and a 52 week high of GBX 3,732 ($45.41). The stock has a 50 day moving average price of GBX 3,414.33 and a two-hundred day moving average price of GBX 3,369.82. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15.

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.