Bunzl (LON:BNZL) Price Target Raised to GBX 2,800

Bunzl (LON:BNZL) had its price objective boosted by JPMorgan Chase & Co. from GBX 2,610 to GBX 2,800 in a research note issued to investors on Wednesday morning,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Citigroup upped their price target on Bunzl from £280 to £300 and gave the stock a “buy” rating in a report on Thursday, June 25th. Royal Bank Of Canada boosted their target price on shares of Bunzl from GBX 2,200 to GBX 2,600 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Bunzl to a “hold” rating and raised their price target for the company from GBX 2,950 to GBX 3,000 in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 6,407.14.

Bunzl Stock Performance

LON:BNZL opened at GBX 2,658 on Wednesday. The company has a market cap of £8.53 billion, a P/E ratio of 18.86, a P/E/G ratio of 5.40 and a beta of 0.32. The firm’s 50 day moving average is GBX 2,744 and its two-hundred day moving average is GBX 2,479.70. Bunzl has a fifty-two week low of GBX 1,981 and a fifty-two week high of GBX 2,898. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 95.61.

Bunzl (LON:BNZL) last released its quarterly earnings data on Tuesday, September 1st. The company reported GBX 65.70 earnings per share for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. Analysts expect that Bunzl will post 213.3413462 EPS for the current year.

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.