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

Bunzl plc (LON:BNZL) shares reached a new 52-week high during trading on Monday. The company traded as high as GBX 2,902 and last traded at GBX 2,902, with a volume of 690,833 shares trading hands. The stock had previously closed at GBX 2,864.

Analyst Upgrades and Downgrades

BNZL has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,600 price objective on shares of Bunzl in a research report on Tuesday, September 1st. Jefferies Financial Group reissued an “underperform” rating and set a GBX 2,300 price objective on shares of Bunzl in a report on Tuesday, October 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Bunzl from GBX 2,730 to GBX 3,000 and gave the stock a “hold” rating in a research report on Wednesday, October 21st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 7,175.

Bunzl Stock Performance

The company has a market cap of £9.14 billion, a PE ratio of 19.15, a PEG ratio of 5.40 and a beta of 0.32. The business’s 50-day moving average is GBX 2,713.61 and its 200 day moving average is GBX 2,480.25. The company has a debt-to-equity ratio of 95.61, a quick ratio of 0.73 and a current ratio of 1.38.

Bunzl (LON:BNZL) last posted its quarterly earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share (EPS) for the quarter. Bunzl had a net margin of 4.82% and a return on equity of 20.61%. On average, equities research analysts predict that Bunzl plc will post 213.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Frank van Zanten acquired 34,946 shares of the stock in a transaction on Thursday, September 17th. The stock was purchased at an average price of GBX 2,630 per share, for a total transaction of £919,079.80. 0.48% of the stock is owned by company insiders.

About Bunzl

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.