Bunzl (LON:BNZL) Releases Quarterly Earnings Results

Bunzl (LON:BNZL) issued its quarterly earnings results on Monday. The company reported GBX 194.30 ($2.47) earnings per share for the quarter, Digital Look Earnings reports. Bunzl had a return on equity of 16.82% and a net margin of 4.20%.

Bunzl Stock Performance

Shares of LON BNZL opened at GBX 3,100.92 ($39.41) on Tuesday. The stock’s fifty day simple moving average is GBX 3,364.95 and its 200 day simple moving average is GBX 3,427.29. The stock has a market capitalization of £10.14 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 5.40 and a beta of 0.45. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00. Bunzl has a 52-week low of GBX 2,896 ($36.80) and a 52-week high of GBX 3,732 ($47.43).

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,800 ($35.58) target price on shares of Bunzl in a research note on Tuesday, December 17th. Citigroup raised Bunzl to a “buy” rating in a report on Monday, January 13th. Shore Capital reiterated a “buy” rating on shares of Bunzl in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their target price on Bunzl from GBX 3,980 ($50.58) to GBX 4,150 ($52.74) and gave the stock an “overweight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 3,375 ($42.89).

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.