Bunzl (LON:BNZL)‘s stock had its “neutral” rating reissued by stock analysts at UBS Group in a report issued on Monday, February 26th, www.digitallook.com reports. They currently have a GBX 2,200 ($30.40) target price on the stock. UBS Group’s price target suggests a potential upside of 7.32% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research report on Monday, February 26th. Citigroup reaffirmed a “buy” rating and set a GBX 2,700 ($37.30) price objective on shares of Bunzl in a research report on Thursday, February 22nd. Goldman Sachs Group reissued a “buy” rating and issued a GBX 2,500 ($34.54) target price on shares of Bunzl in a research report on Wednesday, January 24th. Credit Suisse Group raised their target price on Bunzl from GBX 2,400 ($33.16) to GBX 2,470 ($34.13) and gave the stock an “outperform” rating in a research report on Monday, January 15th. Finally, JPMorgan Chase & Co. raised their target price on Bunzl from GBX 2,516 ($34.76) to GBX 2,609 ($36.05) and gave the stock a “neutral” rating in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,384.75 ($32.95).
Shares of Bunzl (LON BNZL) traded down GBX 13 ($0.18) during trading hours on Monday, hitting GBX 2,050 ($28.32). The stock had a trading volume of 1,096,077 shares, compared to its average volume of 1,290,000. Bunzl has a 1 year low of GBX 1,918.50 ($26.51) and a 1 year high of GBX 2,472 ($34.15). The company has a market capitalization of $6,910.00 and a P/E ratio of 2,180.85.
In other news, insider Patrick Larmon sold 12,061 shares of Bunzl stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of GBX 1,952 ($26.97), for a total transaction of £235,430.72 ($325,270.41).
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Bunzl Company Profile
Bunzl plc is engaged in the distribution and outsourcing service. It supplies a range of non-food products to a range of market sectors. Its segments include North America, Continental Europe, UK & Ireland, and Rest of the World. It serves six market sectors, including foodservice, which offers non-food consumables, including food packaging and guest amenities, to hotels and restaurants, among others; grocery, which includes foods not for resale, including films and labels, to grocery stores and supermarkets, among others; cleaning and hygiene, which offers materials, including chemicals and hygiene paper, to cleaning and facilities management companies, among others; safety, which offers personal protection equipment, to industrial and construction markets; retail, which includes goods not for resale, such as packaging and other store supplies, and healthcare, which offers disposable healthcare consumables, including gloves and bandages, to hospitals and care homes, among others.
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