Bunzl (LON:BNZL) PT Raised to GBX 2,250

Bunzl (LON:BNZL) had its target price boosted by investment analysts at Berenberg Bank from GBX 1,550 ($19.73) to GBX 2,250 ($28.64) in a note issued to investors on Thursday, Stock Target Advisor reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 4.90% from the stock’s previous close.

BNZL has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of Bunzl from GBX 1,900 ($24.18) to GBX 2,000 ($25.46) and gave the company a “neutral” rating in a report on Tuesday, June 16th. Goldman Sachs Group lifted their price target on Bunzl from GBX 2,350 ($29.91) to GBX 2,500 ($31.82) and gave the company a “buy” rating in a research note on Monday, June 22nd. Barclays increased their price objective on Bunzl from GBX 2,000 ($25.46) to GBX 2,350 ($29.91) and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Monday, June 15th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Bunzl in a report on Tuesday, April 14th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,980.83 ($25.21).

LON:BNZL opened at GBX 2,145 ($27.30) on Thursday. The company has a debt-to-equity ratio of 134.59, a current ratio of 1.34 and a quick ratio of 0.79. The business’s 50-day simple moving average is GBX 1,902.64 and its 200-day simple moving average is GBX 1,877.96. Bunzl has a fifty-two week low of GBX 1,242 ($15.81) and a fifty-two week high of GBX 2,199 ($27.99). The stock has a market capitalization of $7.08 billion and a PE ratio of 20.53.

In other news, insider Frank van Zanten sold 2,412 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of GBX 1,688 ($21.48), for a total value of £40,714.56 ($51,819.47).

About Bunzl

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.

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Analyst Recommendations for Bunzl (LON:BNZL)

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