Royal Bank of Canada Boosts Bunzl (LON:BNZL) Price Target to GBX 2,700

Bunzl (LON:BNZL) had its price objective increased by Royal Bank of Canada from GBX 2,600 ($32.89) to GBX 2,700 ($34.15) in a research note published on Tuesday morning, MarketBeat Ratings reports. Royal Bank of Canada currently has an underperform rating on the stock.

BNZL has been the subject of a number of other research reports. Shore Capital reiterated a buy rating on shares of Bunzl in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft restated a hold rating and issued a GBX 3,200 ($40.48) price target on shares of Bunzl in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. increased their price target on Bunzl from GBX 3,300 ($41.74) to GBX 3,380 ($42.75) and gave the stock a neutral rating in a research report on Friday, June 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of GBX 3,120 ($39.46).

Bunzl Stock Performance

BNZL opened at GBX 3,120 ($39.46) on Tuesday. The firm has a fifty day moving average price of GBX 3,032.24 and a 200 day moving average price of GBX 3,092.67. Bunzl has a 1 year low of GBX 2,680 ($33.90) and a 1 year high of GBX 3,306 ($41.82). The stock has a market cap of £10.48 billion, a P/E ratio of 2,025.97, a P/E/G ratio of 5.40 and a beta of 0.47. The company has a debt-to-equity ratio of 106.68, a current ratio of 1.40 and a quick ratio of 0.73.

Insider Transactions at Bunzl

In related news, insider Frank van Zanten sold 24,244 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of GBX 3,062 ($38.73), for a total value of £742,351.28 ($938,972.02). Corporate insiders own 0.84% of the company’s stock.

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.