Bunzl (LON:BNZL)‘s stock had its “buy” rating reiterated by stock analysts at Shore Capital in a report issued on Wednesday. They currently have a GBX 2,134 ($30.56) price target on the stock. Shore Capital’s target price points to a potential upside of 0.28% from the company’s previous close.
Several other equities research analysts have also issued reports on BNZL. Deutsche Bank reaffirmed a “buy” rating on shares of Bunzl in a research note on Friday, April 6th. UBS reaffirmed a “neutral” rating and set a GBX 2,200 ($31.50) price target on shares of Bunzl in a research note on Monday, February 26th. JPMorgan Chase reaffirmed a “neutral” rating and set a GBX 2,609 ($37.36) price target on shares of Bunzl in a research note on Tuesday, February 27th. Citigroup reaffirmed a “buy” rating and set a GBX 2,700 ($38.66) price target on shares of Bunzl in a research note on Thursday, February 22nd. Finally, Barclays reaffirmed an “overweight” rating on shares of Bunzl in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 2,418.27 ($34.63).
Shares of BNZL stock opened at GBX 2,128 ($30.47) on Wednesday. Bunzl has a 12-month low of GBX 1,918.50 ($27.47) and a 12-month high of GBX 2,472 ($35.40).
Bunzl (LON:BNZL) last issued its quarterly earnings results on Monday, February 26th. The company reported GBX 119.40 ($1.71) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 114 ($1.63) by GBX 5.40 ($0.08). Bunzl had a return on equity of 26.17% and a net margin of 4.01%. The firm had revenue of GBX 858.09 billion during the quarter.
In other news, insider Paul Nicholas Hussey sold 3,630 shares of the business’s stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of GBX 2,114 ($30.27), for a total value of £76,738.20 ($109,877.15). Also, insider Brian May sold 12,921 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of GBX 2,016 ($28.87), for a total value of £260,487.36 ($372,977.32). In the last three months, insiders sold 35,454 shares of company stock valued at $71,421,726.
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Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.
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