Bunzl (BNZL) Rating Reiterated by Shore Capital

Bunzl (LON:BNZL)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a research report issued on Monday, February 26th.

Other equities research analysts also recently issued research reports about the stock. Citigroup reaffirmed a “buy” rating and issued a GBX 2,700 ($37.30) target price on shares of Bunzl in a research note on Thursday, February 22nd. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 2,500 ($34.54) price target on shares of Bunzl in a report on Wednesday, January 24th. Deutsche Bank upped their price target on shares of Bunzl from GBX 2,540 ($35.09) to GBX 2,630 ($36.34) and gave the company a “buy” rating in a report on Friday, January 12th. Berenberg Bank initiated coverage on shares of Bunzl in a report on Friday, November 17th. They issued a “hold” rating and a GBX 2,250 ($31.09) price target for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Bunzl from GBX 2,516 ($34.76) to GBX 2,609 ($36.05) and gave the company a “neutral” rating in a report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Bunzl currently has an average rating of “Hold” and a consensus target price of GBX 2,384.75 ($32.95).

Shares of Bunzl (BNZL) traded down GBX 13 ($0.18) during trading hours on Monday, reaching GBX 2,050 ($28.32). 1,096,077 shares of the company’s stock traded hands, 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.

Bunzl (LON:BNZL) last issued its earnings results on Monday, February 26th. The company reported GBX 119.40 ($1.65) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 114 ($1.58) by GBX 5.40 ($0.07). Bunzl had a net margin of 4.01% and a return on equity of 26.17%. The firm had revenue of GBX 858.09 billion during the quarter.

In related news, insider Patrick Larmon sold 12,061 shares of the stock in a transaction on Thursday, March 1st. The shares were 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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About Bunzl

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.

Analyst Recommendations for Bunzl (LON:BNZL)

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