Citigroup Upgrades Bunzl (LON:BNZL) to "Buy"

Citigroup upgraded shares of Bunzl (LON:BNZL - Free Report) to a buy rating in a report published on Monday, Marketbeat Ratings reports.

Several other analysts have also recently issued reports on the company. Jefferies Financial Group restated an "underperform" rating and issued a GBX 2,800 ($34.18) target price on shares of Bunzl in a report on Tuesday, December 17th. Shore Capital reissued a "buy" rating on shares of Bunzl in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Bunzl from GBX 3,980 ($48.59) to GBX 4,150 ($50.67) and gave the stock an "overweight" rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of GBX 3,375 ($41.20).

Bunzl Price Performance

BNZL traded up GBX 28 ($0.34) during trading on Monday, reaching GBX 3,310 ($40.41). The company's stock had a trading volume of 570,524 shares, compared to its average volume of 467,990. The company has a market cap of £11.06 billion, a price-to-earnings ratio of 2,282.76, a PEG ratio of 5.40 and a beta of 0.45. The firm has a fifty day simple moving average of GBX 3,423.20 and a two-hundred day simple moving average of GBX 3,361.56. Bunzl has a 1 year low of GBX 2,896 ($35.36) and a 1 year high of GBX 3,732 ($45.56). The company has a quick ratio of 0.73, a current ratio of 1.15 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.