Bunzl’s (BNZL) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Bunzl (LON:BNZL) in a research report released on Thursday morning, MarketBeat.com reports.

Several other equities analysts also recently issued reports on BNZL. JPMorgan Chase & Co. increased their price objective on shares of Bunzl from GBX 3,980 ($50.02) to GBX 4,150 ($52.16) and gave the company an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada upgraded Bunzl to a “sector perform” rating and boosted their price objective for the stock from GBX 2,700 ($33.93) to GBX 3,350 ($42.10) in a research note on Thursday, August 29th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 2,800 ($35.19) price target on shares of Bunzl in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Bunzl currently has a consensus rating of “Hold” and a consensus target price of GBX 3,375 ($42.42).

Bunzl Price Performance

Shares of LON BNZL opened at GBX 3,268 ($41.07) on Thursday. The stock has a market capitalization of £10.92 billion, a price-to-earnings ratio of 2,253.79, a PEG 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. The firm’s 50 day simple moving average is GBX 3,492.90 and its 200-day simple moving average is GBX 3,323.69. Bunzl has a 12 month low of GBX 2,896 ($36.40) and a 12 month high of GBX 3,732 ($46.90).

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.