Bunzl plc (LON:BNZL) Receives Average Rating of “Hold” from Brokerages

Shares of Bunzl plc (LON:BNZL) have been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,029.09 ($26.51).

BNZL has been the subject of several recent research reports. Goldman Sachs Group boosted their target price on shares of Bunzl from GBX 2,350 ($30.70) to GBX 2,500 ($32.66) and gave the stock a “buy” rating in a research report on Monday, June 22nd. Berenberg Bank boosted their target price on shares of Bunzl from GBX 2,250 ($29.40) to GBX 2,650 ($34.62) and gave the stock a “hold” rating in a research report on Friday, August 28th. Shore Capital reissued a “buy” rating on shares of Bunzl in a research report on Wednesday. JPMorgan Chase & Co. raised shares of Bunzl to an “overweight” rating and upped their price objective for the stock from GBX 2,000 ($26.13) to GBX 2,350 ($30.70) in a research report on Friday, June 26th. Finally, UBS Group upped their price objective on shares of Bunzl from GBX 1,500 ($19.60) to GBX 1,650 ($21.56) and gave the stock a “sell” rating in a research report on Friday, July 3rd.

In related news, insider Frank van Zanten sold 32,984 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of GBX 2,654 ($34.67), for a total transaction of £875,395.36 ($1,143,709.64).

Shares of LON:BNZL traded up GBX 21.66 ($0.28) during mid-day trading on Friday, reaching GBX 2,561.66 ($33.47). 694,928 shares of the company’s stock were exchanged, compared to its average volume of 938,188. The firm has a market capitalization of $8.50 billion and a price-to-earnings ratio of 22.53. The business’s fifty day moving average price is GBX 2,459.26 and its 200-day moving average price is GBX 2,110.88. The company has a debt-to-equity ratio of 132.69, a quick ratio of 0.83 and a current ratio of 1.34. Bunzl has a twelve month low of GBX 1,242 ($16.23) and a twelve month high of GBX 2,710 ($35.41).

Bunzl (LON:BNZL) last posted its quarterly earnings results on Monday, August 24th. The company reported GBX 70.10 ($0.92) earnings per share for the quarter, beating the consensus estimate of GBX 66.70 ($0.87) by GBX 3.40 ($0.04). Analysts predict that Bunzl will post 12991.0010232 EPS for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 3rd will be paid a dividend of GBX 15.80 ($0.21) per share. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, December 3rd. Bunzl’s payout ratio is currently 45.73%.

About Bunzl

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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Analyst Recommendations for Bunzl (LON:BNZL)

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