UBS Group Trims Bunzl (LON:BNZL) Target Price to GBX 2,250

Bunzl (LON:BNZL) had its price target lowered by UBS Group from GBX 2,400 ($31.36) to GBX 2,250 ($29.40) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports. UBS Group currently has a neutral rating on the stock.

BNZL has been the subject of several other research reports. Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research report on Monday, June 10th. Shore Capital reissued a house stock rating on shares of in a research report on Wednesday, June 26th. Barclays reissued an underweight rating on shares of in a research report on Thursday, July 4th. Deutsche Bank reissued a hold rating on shares of Steel Dynamics in a research report on Thursday, June 27th. Finally, Jefferies Financial Group reissued a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 2,343 ($30.62).

Shares of LON:BNZL opened at GBX 2,130 ($27.83) on Wednesday. The company has a debt-to-equity ratio of 110.35, a current ratio of 1.43 and a quick ratio of 0.82. Bunzl has a 52-week low of GBX 2,026 ($26.47) and a 52-week high of GBX 2,554 ($33.37). The firm has a 50 day moving average price of GBX 2,126.36. The firm has a market capitalization of $7.17 billion and a P/E ratio of 21.78.

In other news, insider Frank van Zanten sold 3,699 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of GBX 2,113 ($27.61), for a total transaction of £78,159.87 ($102,129.71).

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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Analyst Recommendations for Bunzl (LON:BNZL)

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