Bunzl (LON:BNZL) Earns “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Bunzl (LON:BNZL) in a research note released on Thursday morning, MarketBeat Ratings reports.

A number of other analysts have also weighed in on BNZL. Royal Bank of Canada raised Bunzl to a “sector perform” rating and upped their price objective for the stock from GBX 2,700 ($33.93) to GBX 3,350 ($42.10) in a research report on Thursday, August 29th. Jefferies Financial Group restated an “underperform” rating and set a GBX 2,800 ($35.19) price target on shares of Bunzl in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Bunzl from GBX 3,980 ($50.02) to GBX 4,150 ($52.16) and gave the company an “overweight” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 3,375 ($42.42).

Bunzl Trading Up 0.4 %

Shares of BNZL stock opened at GBX 3,268 ($41.07) on Thursday. Bunzl has a fifty-two week low of GBX 2,896 ($36.40) and a fifty-two week high of GBX 3,732 ($46.90). The company has a 50 day moving average price of GBX 3,492.90 and a 200 day moving average price of GBX 3,323.69. The stock has a market capitalization of £10.92 billion, a P/E ratio of 2,253.79, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15.

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.