Goldman Sachs Group Reaffirms Buy Rating for Bunzl (LON:BNZL)

Goldman Sachs Group reiterated their buy rating on shares of Bunzl (LON:BNZL) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently weighed in on BNZL. UBS Group cut their price objective on Bunzl from GBX 2,400 ($31.36) to GBX 2,250 ($29.40) and set a neutral rating on the stock in a report on Wednesday, July 10th. Shore Capital restated a buy rating on shares of Bunzl in a research note on Wednesday, June 26th. Credit Suisse Group cut Bunzl to an underperform rating and cut their target price for the company from GBX 2,450 ($32.01) to GBX 2,100 ($27.44) in a research note on Thursday, May 2nd. Barclays restated an overweight rating on shares of Bunzl in a research note on Thursday, July 4th. Finally, Deutsche Bank cut their target price on Bunzl from GBX 2,540 ($33.19) to GBX 2,380 ($31.10) and set a buy rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Bunzl has an average rating of Hold and a consensus target price of GBX 2,327 ($30.41).

LON:BNZL opened at GBX 2,025 ($26.46) on Tuesday. Bunzl has a fifty-two week low of GBX 2,026 ($26.47) and a fifty-two week high of GBX 2,554 ($33.37). The company has a debt-to-equity ratio of 110.35, a current ratio of 1.43 and a quick ratio of 0.82. The stock has a market capitalization of $6.82 billion and a PE ratio of 20.71. The business’s 50-day simple moving average is GBX 2,125.18 and its 200-day simple moving average is GBX 2,281.86.

In other Bunzl news, insider Frank van Zanten sold 3,699 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of GBX 2,113 ($27.61), for a total value of £78,159.87 ($102,129.71).

Bunzl Company Profile

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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Analyst Recommendations for Bunzl (LON:BNZL)

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