Bunzl’s (LON:BNZL) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Bunzl (LON:BNZL) in a research report released on Tuesday, February 27th. They currently have a GBX 2,609 ($36.05) target price on the stock.

Other research analysts have also issued reports about the company. UBS Group restated a neutral rating and issued a GBX 2,200 ($30.40) target price on shares of Bunzl in a research note on Monday, February 26th. Deutsche Bank upped their target price on Bunzl from GBX 2,540 ($35.09) to GBX 2,630 ($36.34) and gave the company a buy rating in a research note on Friday, January 12th. Shore Capital reiterated a buy rating on shares of Bunzl in a research note on Thursday, January 11th. Goldman Sachs Group reiterated a buy rating and set a GBX 2,500 ($34.54) price objective on shares of Bunzl in a research note on Wednesday, January 24th. Finally, Credit Suisse Group increased their price objective on Bunzl from GBX 2,400 ($33.16) to GBX 2,470 ($34.13) and gave the stock an outperform rating in a research note on Monday, January 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 2,384.75 ($32.95).

Bunzl (LON BNZL) traded down GBX 13 ($0.18) during trading hours on Tuesday, reaching GBX 2,050 ($28.32). The company had a trading volume of 1,096,077 shares, compared to its average volume of 1,290,000. Bunzl has a 12-month low of GBX 1,918.50 ($26.51) and a 12-month high of GBX 2,472 ($34.15). The firm has a market capitalization of $6,910.00 and a P/E ratio of 2,180.85.

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

The firm also recently announced a dividend, which will be paid on Monday, July 2nd. Stockholders of record on Thursday, May 24th will be paid a GBX 32 ($0.44) dividend. The ex-dividend date is Thursday, May 24th. This is a positive change from Bunzl’s previous dividend of $14.00. This represents a dividend yield of 1.65%.

In related news, insider Patrick Larmon sold 12,061 shares of the firm’s 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 value 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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