Bunzl (LON:BNZL) PT Raised to GBX 3,380

Bunzl (LON:BNZL) had its price target upped by analysts at JPMorgan Chase & Co. from GBX 3,300 ($41.86) to GBX 3,380 ($42.88) in a report issued on Friday, MarketBeat.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 12.29% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Shore Capital reiterated a “buy” rating on shares of Bunzl in a report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 3,200 ($40.59) price objective on shares of Bunzl in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 3,095 ($39.26).

Bunzl Price Performance

LON:BNZL opened at GBX 3,010 ($38.18) on Friday. Bunzl has a 52 week low of GBX 2,680 ($34.00) and a 52 week high of GBX 3,306 ($41.94). The company has a quick ratio of 0.73, a current ratio of 1.40 and a debt-to-equity ratio of 106.68. The company has a market capitalization of £10.11 billion, a P/E ratio of 1,954.55, a P/E/G ratio of 5.40 and a beta of 0.47. The stock’s fifty day moving average is GBX 3,033.92 and its two-hundred day moving average is GBX 3,094.87.

Insider Activity at Bunzl

In other Bunzl news, insider Frank van Zanten sold 24,244 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($38.84), for a total transaction of £742,351.28 ($941,711.63). Company insiders own 0.84% of the company’s stock.

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.