Shore Capital Reaffirms Buy Rating for Bunzl (LON:BNZL)

Bunzl (LON:BNZL)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a research report issued to clients and investors on Thursday, MarketBeat.com reports.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada raised shares of Bunzl to a “sector perform” rating and lifted their target price for the stock from GBX 2,700 ($33.93) to GBX 3,350 ($42.10) in a research report on Thursday, August 29th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 2,800 ($35.19) price objective on shares of Bunzl in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on Bunzl from GBX 3,980 ($50.02) to GBX 4,150 ($52.16) and gave the company an “overweight” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 3,375 ($42.42).

Bunzl Stock Performance

Shares of BNZL stock opened at GBX 3,268 ($41.07) on Thursday. The company’s 50-day moving average is GBX 3,497.38 and its 200 day moving average is GBX 3,322.08. Bunzl has a one year low of GBX 2,896 ($36.40) and a one year high of GBX 3,732 ($46.90). The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The company has a market capitalization of £10.92 billion, a price-to-earnings ratio of 2,253.79, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

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.