Bunzl (BNZL) Given Buy Rating at Deutsche Bank
Deutsche Bank reiterated their buy rating on shares of Bunzl (LON:BNZL) in a research note published on Thursday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued research reports about the company. Shore Capital reiterated a buy rating on shares of Bunzl in a report on Wednesday. Jefferies Financial Group lifted their price objective on Bunzl from GBX 1,650 ($21.56) to GBX 2,050 ($26.79) and gave the company an underperform rating in a report on Tuesday, April 9th. Barclays lifted their target price on Bunzl from GBX 2,600 ($33.97) to GBX 2,700 ($35.28) and gave the company an overweight rating in a research report on Wednesday, February 27th. UBS Group reissued a neutral rating on shares of Bunzl in a research report on Tuesday, February 26th. Finally, Royal Bank of Canada reissued an underperform rating on shares of Bunzl in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 2,408.18 ($31.47).
LON:BNZL opened at GBX 2,352 ($30.73) on Thursday. Bunzl has a fifty-two week low of GBX 2,059 ($26.90) and a fifty-two week high of GBX 2,554 ($33.37). The company has a current ratio of 1.43, a quick ratio of 0.82 and a debt-to-equity ratio of 110.35. The stock has a market cap of $7.85 billion and a PE ratio of 24.05.
In other Bunzl news, insider Brian May sold 25,887 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 2,411 ($31.50), for a total transaction of £624,135.57 ($815,543.67). Also, insider Frank van Zanten sold 8,190 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of GBX 2,376 ($31.05), for a total value of £194,594.40 ($254,272.05).
Bunzl Company Profile
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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