Bunzl plc (LON:BNZL) Given Consensus Rating of “Hold” by Brokerages

Shares of Bunzl plc (LON:BNZL) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 3,375 ($41.97).

BNZL has been the topic of several research reports. Jefferies Financial Group restated an “underperform” rating and set a GBX 2,800 ($34.82) price target on shares of Bunzl in a report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price objective on Bunzl from GBX 3,980 ($49.50) to GBX 4,150 ($51.61) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. Finally, Citigroup raised Bunzl to a “buy” rating in a research note on Monday, January 13th.

Bunzl Stock Performance

LON:BNZL opened at GBX 3,422 ($42.56) on Friday. The stock has a market cap of £11.43 billion, a P/E ratio of 2,360.00, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. The stock’s 50-day moving average is GBX 3,402.77 and its 200-day moving average is GBX 3,407.09. Bunzl has a 1-year low of GBX 2,896 ($36.02) and a 1-year high of GBX 3,732 ($46.41).

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.