Bunzl (LON:BNZL) Given "Buy" Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Bunzl (LON:BNZL - Free Report) in a research note published on Monday morning, Marketbeat.com reports.

A number of other equities analysts also recently weighed in on BNZL. JPMorgan Chase & Co. raised their target price on shares of Bunzl from GBX 3,980 ($52.15) to GBX 4,150 ($54.38) and gave the company an "overweight" rating in a research note on Thursday, December 5th. Citigroup upgraded shares of Bunzl to a "buy" rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and issued a GBX 2,800 ($36.69) price objective on shares of Bunzl in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of GBX 3,375 ($44.22).

Bunzl Trading Down 0.9 %

BNZL stock traded down GBX 28 ($0.37) during trading on Monday, reaching GBX 3,010 ($39.44). The company had a trading volume of 1,373,002 shares, compared to its average volume of 2,558,527. 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 52 week low of GBX 2,884 ($37.79) and a 52 week high of GBX 3,732 ($48.90). The business has a 50 day moving average of GBX 3,205.21 and a 200 day moving average of GBX 3,380.74. The company has a market cap of £9.84 billion, a P/E ratio of 20.81, a PEG ratio of 5.40 and a beta of 0.45.

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Bunzl (LON:BNZL - Get Free Report) last posted its quarterly earnings data on Monday, March 3rd. The company reported GBX 194.30 ($2.55) earnings per share (EPS) for the quarter. Bunzl had a return on equity of 16.82% and a net margin of 4.20%. As a group, sell-side analysts forecast that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

Bunzl Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, May 22nd will be given a GBX 53.80 ($0.70) dividend. This represents a yield of 1.8%. The ex-dividend date of this dividend is Thursday, May 22nd. This is an increase from Bunzl's previous dividend of $20.10. Bunzl's payout ratio is 48.39%.

Insider Activity

In other Bunzl news, insider Frank van Zanten acquired 4,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of GBX 3,037 ($39.79) per share, for a total transaction of £121,480 ($159,171.91). Insiders own 0.84% of the company's stock.

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.