Bunzl plc (LON:BNZL) Receives GBX 3,375 Consensus Price Target from Analysts

Shares of Bunzl plc (LON:BNZL) have earned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. 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. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 3,375 ($43.83).

A number of equities analysts have recently issued reports on BNZL shares. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 2,800 ($36.36) target price on shares of Bunzl in a research report on Tuesday, December 17th. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Bunzl from GBX 3,980 ($51.68) to GBX 4,150 ($53.89) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Citigroup upgraded shares of Bunzl to a “buy” rating in a report on Monday, January 13th.

Bunzl Price Performance

Shares of BNZL stock opened at GBX 3,034 ($39.40) on Friday. The stock’s fifty day simple moving average is GBX 3,213.42 and its 200 day simple moving average is GBX 3,383.29. Bunzl has a one year low of GBX 2,884 ($37.45) and a one year high of GBX 3,732 ($48.46). The firm has a market cap of £9.92 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 5.40 and a beta of 0.45. 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 (LON:BNZL) last posted its earnings results on Monday, March 3rd. The company reported GBX 194.30 ($2.52) earnings per share for the quarter. Bunzl had a net margin of 4.20% and a return on equity of 16.82%. On average, analysts expect that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

Bunzl Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, May 22nd will be given a GBX 53.80 ($0.70) dividend. The ex-dividend date is Thursday, May 22nd. This is a positive change from Bunzl’s previous dividend of $20.10. This represents a dividend yield of 1.8%. Bunzl’s dividend payout ratio is presently 48.39%.

Insider Activity at Bunzl

In other Bunzl news, insider Frank van Zanten acquired 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of GBX 3,037 ($39.44) per share, with a total value of £121,480 ($157,745.75). 0.84% of the stock is owned by company insiders.

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.