Bunzl (LON:BNZL) Stock Rating Upgraded by Citigroup

Bunzl (LON:BNZL) was upgraded by stock analysts at Citigroup to a “buy” rating in a research note issued on Monday, Marketbeat reports.

A number of other research firms have also weighed in on BNZL. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,800 ($34.18) price target on shares of Bunzl in a research report on Tuesday, December 17th. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their price target on Bunzl from GBX 3,980 ($48.59) to GBX 4,150 ($50.67) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 3,375 ($41.20).

Bunzl Stock Down 0.1 %

BNZL stock opened at GBX 3,308 ($40.39) on Monday. The business’s 50-day moving average price is GBX 3,420.45 and its 200-day moving average price is GBX 3,364.31. The stock has a market cap of £11.05 billion, a P/E ratio of 2,281.38, 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 twelve month low of GBX 2,896 ($35.36) and a twelve month high of GBX 3,732 ($45.56).

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.