Royal Bank of Canada Raises Bunzl (LON:BNZL) Price Target to GBX 2,700

Bunzl (LON:BNZL) had its price objective hoisted by Royal Bank of Canada from GBX 2,600 ($32.89) to GBX 2,700 ($34.15) in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have an underperform rating on the stock.

Several other research analysts have also recently issued reports on BNZL. Shore Capital reaffirmed a buy rating on shares of Bunzl in a report on Thursday, June 27th. JPMorgan Chase & Co. upped their price objective on Bunzl from GBX 3,300 ($41.74) to GBX 3,380 ($42.75) and gave the company a neutral rating in a research report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a hold rating and set a GBX 3,200 ($40.48) target price on shares of Bunzl in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Bunzl has a consensus rating of Hold and a consensus price target of GBX 3,120 ($39.46).

Bunzl Price Performance

BNZL opened at GBX 3,120 ($39.46) on Tuesday. The firm has a market cap of £10.48 billion, a PE ratio of 2,025.97, a P/E/G ratio of 5.40 and a beta of 0.47. The stock has a 50-day moving average price of GBX 3,032.24 and a 200-day moving average price of GBX 3,092.67. Bunzl has a 1 year low of GBX 2,680 ($33.90) and a 1 year high of GBX 3,306 ($41.82). The company has a debt-to-equity ratio of 106.68, a current ratio of 1.40 and a quick ratio of 0.73.

Insiders Place Their Bets

In other news, insider Frank van Zanten sold 24,244 shares of Bunzl stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($38.73), for a total transaction of £742,351.28 ($938,972.02). Company insiders own 0.84% of the company’s stock.

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.