Analysts Set Bunzl plc (LON:BNZL) PT at GBX 3,375

Bunzl plc (LON:BNZL) has earned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 3,375 ($44.89).

A number of research analysts have weighed in on BNZL shares. Citigroup upgraded Bunzl to a “buy” rating in a research note on Monday, January 13th. Shore Capital restated a “buy” rating on shares of Bunzl in a research report on Monday, March 31st.

Insider Activity at Bunzl

In other news, insider Frank van Zanten purchased 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of GBX 3,037 ($40.39) per share, with a total value of £121,480 ($161,564.04). Also, insider Richard Howes bought 8,479 shares of the stock in a transaction on Wednesday, April 16th. The stock was acquired at an average price of GBX 2,338 ($31.09) per share, with a total value of £198,239.02 ($263,650.78). 0.84% of the stock is currently owned by company insiders.

Bunzl Trading Down 0.8 %

LON:BNZL opened at GBX 2,298.81 ($30.57) on Wednesday. The firm has a market capitalization of £7.52 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 5.40 and a beta of 0.45. The business’s 50-day moving average price is GBX 2,938.52 and its two-hundred day moving average price is GBX 3,265.67. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. Bunzl has a 1-year low of GBX 2,218 ($29.50) and a 1-year high of GBX 3,732 ($49.63).

Bunzl (LON:BNZL) last announced its quarterly earnings results on Monday, March 3rd. The company reported GBX 194.30 ($2.58) earnings per share for the quarter. Bunzl had a net margin of 4.20% and a return on equity of 16.82%. On average, equities analysts expect that Bunzl will post 213.3413462 earnings per share for the current year.

Bunzl Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, May 22nd will be paid a GBX 53.80 ($0.72) dividend. This is an increase from Bunzl’s previous dividend of $20.10. This represents a dividend yield of 1.8%. The ex-dividend date is Thursday, May 22nd. Bunzl’s dividend payout ratio (DPR) is presently 48.39%.

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.