Bunzl plc (BNZL) Receives GBX 2,378.82 Average Target Price from Brokerages

Shares of Bunzl plc (LON:BNZL) have been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 2,378.82 ($32.87).

Several equities analysts recently commented on BNZL shares. Deutsche Bank reiterated a “buy” rating and issued a GBX 2,540 ($35.09) price objective on shares of Bunzl in a research note on Thursday, November 16th. Shore Capital reissued a “buy” rating on shares of Bunzl in a report on Monday, November 13th. Goldman Sachs Group reissued a “buy” rating and set a GBX 2,500 ($34.54) target price on shares of Bunzl in a report on Wednesday, January 24th. Berenberg Bank started coverage on shares of Bunzl in a report on Friday, November 17th. They set a “hold” rating and a GBX 2,250 ($31.09) target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bunzl from GBX 2,505 ($34.61) to GBX 2,516 ($34.76) and gave the company a “neutral” rating in a report on Wednesday, October 25th.

Bunzl (LON:BNZL) traded up GBX 25 ($0.35) during trading on Friday, reaching GBX 2,031 ($28.06). The company had a trading volume of 859,351 shares, compared to its average volume of 1,090,000. Bunzl has a fifty-two week low of GBX 1,930 ($26.66) and a fifty-two week high of GBX 2,472 ($34.15). The stock has a market capitalization of $6,840.00 and a P/E ratio of 2,361.63.

In other Bunzl news, insider Frank van Zanten bought 9,000 shares of the stock in a transaction on Friday, November 17th. The shares were acquired at an average price of GBX 2,135 ($29.50) per share, with a total value of £192,150 ($265,473.89).

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About Bunzl

Bunzl plc is engaged in the distribution and outsourcing service. It supplies a range of non-food products to a range of market sectors. Its segments include North America, Continental Europe, UK & Ireland, and Rest of the World. It serves six market sectors, including foodservice, which offers non-food consumables, including food packaging and guest amenities, to hotels and restaurants, among others; grocery, which includes foods not for resale, including films and labels, to grocery stores and supermarkets, among others; cleaning and hygiene, which offers materials, including chemicals and hygiene paper, to cleaning and facilities management companies, among others; safety, which offers personal protection equipment, to industrial and construction markets; retail, which includes goods not for resale, such as packaging and other store supplies, and healthcare, which offers disposable healthcare consumables, including gloves and bandages, to hospitals and care homes, among others.

Analyst Recommendations for Bunzl (LON:BNZL)

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