Bunzl plc (LON:BNZL) Receives Average Recommendation of “Buy” from Analysts

Bunzl plc (LON:BNZL) has received a consensus rating of “Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 2,650 ($34.62).

BNZL has been the subject of several recent research reports. Peel Hunt reissued a “buy” rating and issued a GBX 2,600 ($33.97) target price on shares of Bunzl in a research report on Thursday, June 24th. Peel Hunt reissued a “buy” rating and issued a GBX 2,600 ($33.97) target price on shares of Bunzl in a research report on Thursday, June 24th. Shore Capital reissued a “buy” rating on shares of Bunzl in a research report on Tuesday, August 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,850 ($37.24) target price on shares of Bunzl in a research report on Wednesday, September 1st. Finally, Berenberg Bank raised shares of Bunzl to a “buy” rating and boosted their target price for the stock from GBX 2,650 ($34.62) to GBX 2,750 ($35.93) in a research report on Friday, July 9th.

Bunzl stock traded down GBX 75 ($0.98) during trading hours on Wednesday, hitting GBX 2,528 ($33.03). The company had a trading volume of 638,595 shares, compared to its average volume of 631,046. The company has a debt-to-equity ratio of 134.08, a current ratio of 1.37 and a quick ratio of 0.82. The firm has a market capitalization of £8.53 billion and a P/E ratio of 18.62. Bunzl has a fifty-two week low of GBX 2,122 ($27.72) and a fifty-two week high of GBX 2,710 ($35.41). The firm’s fifty day moving average is GBX 2,625.91 and its 200-day moving average is GBX 2,434.81.

The company also recently disclosed a dividend, which will be paid on Wednesday, January 5th. Investors of record on Thursday, November 18th will be issued a dividend of GBX 16.20 ($0.21) per share. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, November 18th. Bunzl’s dividend payout ratio is currently 0.66%.

Bunzl Company Profile

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, counter-service packaging, foodservice disposables, take-out food packaging, first aid products, point of purchase displays, stationery, bags, and cleaning and hygiene supplies to grocery stores, supermarkets, retail chains, convenience stores, food wholesalers, ethnic grocers, and organic food outlets.

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Analyst Recommendations for Bunzl (LON:BNZL)

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