Bunzl (LON:BNZL) Given New GBX 2,600 Price Target at Royal Bank Of Canada

Bunzl (LON:BNZL) had its price objective lifted by research analysts at Royal Bank Of Canada from GBX 2,200 to GBX 2,600 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 2.18% from the company’s current price.

A number of other equities analysts have also recently weighed in on BNZL. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,950 price objective on shares of Bunzl in a research report on Wednesday, June 24th. Citigroup increased their price target on Bunzl from £280 to £300 and gave the company a “buy” rating in a report on Thursday, June 25th. Stifel Nicolaus restated a “hold” rating and set a GBX 2,350 price objective on shares of Bunzl in a research note on Wednesday, April 22nd. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 5,956.25.

Bunzl Price Performance

Shares of BNZL stock opened at GBX 2,658 on Tuesday. The firm has a fifty day simple moving average of GBX 2,469.99 and a 200-day simple moving average of GBX 2,273.39. The company has a market capitalization of £8.53 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. Bunzl has a twelve month low of GBX 1,981 and a twelve month high of GBX 2,714. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81.

Insider Transactions at Bunzl

In other Bunzl news, insider Frank van Zanten sold 15,000 shares of Bunzl stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total value of £359,100. 0.48% of the stock is owned by company insiders.

About Bunzl

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.