Bunzl (LON:BNZL) Raised to Buy at Citigroup

Bunzl (LON:BNZL) was upgraded by analysts at Citigroup to a “buy” rating in a research note issued on Monday, MarketBeat Ratings reports.

A number of other equities research analysts have also commented on the stock. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 2,800 ($34.18) price target on shares of Bunzl in a report on Tuesday, December 17th. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. raised their target price on Bunzl from GBX 3,980 ($48.59) to GBX 4,150 ($50.67) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 3,375 ($41.20).

Bunzl Price Performance

Shares of Bunzl stock opened at GBX 3,308 ($40.39) on Monday. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. Bunzl has a 52-week low of GBX 2,896 ($35.36) and a 52-week high of GBX 3,732 ($45.56). The company has a fifty day moving average of GBX 3,420.45 and a 200-day moving average of GBX 3,364.31. The stock has a market capitalization of £11.05 billion, a price-to-earnings ratio of 2,281.38, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

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.