Brokerages Set Bunzl plc (LON:BNZL) Target Price at GBX 3,375

Shares of Bunzl plc (LON:BNZL - Get Free Report) have been assigned an average rating of "Hold" from the six research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 3,375 ($41.82).

A number of brokerages recently weighed in on BNZL. JPMorgan Chase & Co. boosted their price objective on shares of Bunzl from GBX 3,980 ($49.32) to GBX 4,150 ($51.43) and gave the company an "overweight" rating in a research report on Thursday, December 5th. Jefferies Financial Group restated an "underperform" rating and issued a GBX 2,800 ($34.70) target price on shares of Bunzl in a research report on Tuesday, December 17th. Citigroup upgraded shares of Bunzl to a "buy" rating in a research report on Monday, January 13th. Finally, Shore Capital restated a "buy" rating on shares of Bunzl in a research report on Thursday, December 19th.

Bunzl Stock Performance

Shares of LON:BNZL traded up GBX 28 ($0.35) during trading on Friday, reaching GBX 3,402 ($42.16). 569,535 shares of the company's stock traded hands, compared to its average volume of 652,090. The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. Bunzl has a 12 month low of GBX 2,896 ($35.89) and a 12 month high of GBX 3,732 ($46.25). The company has a 50 day moving average of GBX 3,399.53 and a 200-day moving average of GBX 3,408.94. The stock has a market capitalization of £11.36 billion, a P/E ratio of 2,346.21, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

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.