Bunzl plc (LON:BNZL) Given Average Recommendation of “Buy” by Analysts

Shares of Bunzl plc (LON:BNZL) have been given an average rating of “Buy” by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 2,650 ($34.62).

A number of brokerages recently commented on BNZL. Peel Hunt restated a “buy” rating and issued a GBX 2,600 ($33.97) price objective on shares of Bunzl in a research report on Thursday, June 24th. Royal Bank of Canada increased their target price on shares of Bunzl from GBX 2,270 ($29.66) to GBX 2,450 ($32.01) and gave the company a “sector perform” rating in a report on Monday, September 6th. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a report on Tuesday, August 31st. Berenberg Bank raised shares of Bunzl to a “buy” rating and increased their target price for the company from GBX 2,650 ($34.62) to GBX 2,750 ($35.93) in a report on Friday, July 9th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,600 ($33.97) target price on shares of Bunzl in a report on Thursday, June 24th.

Shares of BNZL traded down GBX 75 ($0.98) during mid-day trading on Wednesday, hitting GBX 2,528 ($33.03). 638,595 shares of the company’s stock were exchanged, compared to its average volume of 631,046. Bunzl has a fifty-two week low of GBX 2,122 ($27.72) and a fifty-two week high of GBX 2,710 ($35.41). The firm has a market capitalization of £8.53 billion and a P/E ratio of 18.62. The business’s 50 day moving average is GBX 2,625.91 and its two-hundred day moving average is GBX 2,434.81. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 134.08.

The firm also recently announced a dividend, which will be paid on Wednesday, January 5th. Investors of record on Thursday, November 18th will be issued a dividend of GBX 16.20 ($0.21) per share. The ex-dividend date of this dividend is Thursday, November 18th. This represents a dividend yield of 0.61%. Bunzl’s payout ratio is 0.66%.

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, counter-service packaging, foodservice disposables, take-out food packaging, first aid products, point of purchase displays, stationery, bags, and cleaning and hygiene supplies to grocery stores, supermarkets, retail chains, convenience stores, food wholesalers, ethnic grocers, and organic food outlets.

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Analyst Recommendations for Bunzl (LON:BNZL)

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