Bunzl (LON:BNZL) Price Target Increased to GBX 2,700 by Analysts at Royal Bank of Canada

Bunzl (LON:BNZL) had its price target upped by Royal Bank of Canada from GBX 2,600 ($32.89) to GBX 2,700 ($34.15) in a research note published on Tuesday, Marketbeat reports. They currently have an underperform rating on the stock.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a GBX 3,200 ($40.48) price objective on shares of Bunzl in a research report on Friday, June 28th. Shore Capital reaffirmed a buy rating on shares of Bunzl in a report on Thursday, June 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Bunzl from GBX 3,300 ($41.74) to GBX 3,380 ($42.75) and gave the company a neutral rating in a report on Friday, June 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of GBX 3,120 ($39.46).

Bunzl Trading Up 0.3 %

Shares of LON:BNZL opened at GBX 3,008 ($38.05) on Tuesday. The company has a 50-day simple moving average of GBX 3,031.64 and a 200 day simple moving average of GBX 3,092.90. The company has a market capitalization of £10.10 billion, a P/E ratio of 1,946.75, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47. The company has a debt-to-equity ratio of 106.68, a quick ratio of 0.73 and a current ratio of 1.40. Bunzl has a 52-week low of GBX 2,680 ($33.90) and a 52-week high of GBX 3,306 ($41.82).

Insider Transactions at Bunzl

In other news, insider Frank van Zanten sold 24,244 shares of Bunzl stock in a transaction on Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($38.73), for a total transaction of £742,351.28 ($938,972.02). 0.84% of the stock is owned by corporate 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.