Bunzl (LON:BNZL) Hits New 12-Month Low – What’s Next?

Shares of Bunzl plc (LON:BNZL) reached a new 52-week low during trading on Friday . The company traded as low as GBX 2,042 and last traded at GBX 2,050, with a volume of 546215 shares. The stock had previously closed at GBX 2,076.

Wall Street Analysts Forecast Growth

BNZL has been the topic of several research reports. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,900 price objective on shares of Bunzl in a research report on Thursday, October 9th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,350 price target on shares of Bunzl in a research report on Wednesday, November 12th. Finally, UBS Group reaffirmed a “sell” rating and set a GBX 2,200 price target on shares of Bunzl in a research note on Friday, October 17th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Bunzl has a consensus rating of “Hold” and an average target price of GBX 2,372.50.

Bunzl Stock Performance

The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The company has a market cap of £6.61 billion, a PE ratio of 14.10, a PEG ratio of 5.40 and a beta of 0.45. The business’s 50-day moving average is GBX 2,180.53 and its 200 day moving average is GBX 2,304.62.

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. It also provides food packaging, disposable tableware, guest amenities, catering equipment, agricultural supplies, cleaning and hygiene products, and safety items to hotels, restaurants, contract caterers, food processors, commercial growers, and the leisure sector; and gloves, boots, hard hats, ear and eye protection, and other workwear, as well as cleaning and hygiene supplies, and asset protection products to industrial and construction, and ecommerce sectors.