Bunzl plc (BNZL) Receives Consensus Rating of “Hold” from Brokerages

Shares of Bunzl plc (LON:BNZL) have been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,378.82 ($33.35).

Several equities research analysts have commented on BNZL shares. Berenberg Bank started coverage on Bunzl in a report on Friday, November 17th. They issued a “hold” rating and a GBX 2,250 ($31.55) target price on the stock. Shore Capital reissued a “buy” rating on shares of Bunzl in a report on Thursday, December 14th. Credit Suisse Group raised Bunzl to an “outperform” rating and boosted their target price for the stock from GBX 2,290 ($32.11) to GBX 2,400 ($33.65) in a report on Wednesday, January 3rd. Deutsche Bank reissued a “buy” rating and issued a GBX 2,540 ($35.61) target price on shares of Bunzl in a report on Thursday, November 16th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a GBX 2,500 ($35.05) target price on shares of Bunzl in a report on Wednesday, January 24th.

Shares of Bunzl (LON:BNZL) opened at GBX 2,059 ($28.87) on Friday. Bunzl has a fifty-two week low of GBX 1,930 ($27.06) and a fifty-two week high of GBX 2,472 ($34.66). The firm has a market capitalization of $6,910.00 and a P/E ratio of 2,394.19.

In other Bunzl news, insider Frank van Zanten purchased 9,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average price of GBX 2,135 ($29.94) per share, for a total transaction of £192,150 ($269,419.52).

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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.

Analyst Recommendations for Bunzl (LON:BNZL)

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