Bunzl (LON:BNZL) Price Target Raised to GBX 3,380

Bunzl (LON:BNZL) had its price target boosted by JPMorgan Chase & Co. from GBX 3,300 ($41.86) to GBX 3,380 ($42.88) in a research report released on Friday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on BNZL. Shore Capital reiterated a buy rating on shares of Bunzl in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a GBX 3,200 ($40.59) target price on shares of Bunzl in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of GBX 3,095 ($39.26).

Bunzl Trading Down 2.0 %

Bunzl stock opened at GBX 3,010 ($38.18) on Friday. Bunzl has a 12 month low of GBX 2,680 ($34.00) and a 12 month high of GBX 3,306 ($41.94). The company has a current ratio of 1.40, a quick ratio of 0.73 and a debt-to-equity ratio of 106.68. The business’s fifty day simple moving average is GBX 3,033.92 and its two-hundred day simple moving average is GBX 3,094.70. The company has a market capitalization of £10.11 billion, a price-to-earnings ratio of 1,954.55, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47.

Insider Activity at Bunzl

In other news, insider Frank van Zanten sold 24,244 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($38.84), for a total transaction of £742,351.28 ($941,711.63). 0.84% of the stock is currently owned by insiders.

Bunzl Company Profile

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.