Brokerages Set Bunzl plc (BNZL) Target Price at $2,378.82
Bunzl plc (LON:BNZL) has been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 2,378.82 ($32.87).
Several analysts have issued reports on the stock. Goldman Sachs Group restated a “buy” rating and set a GBX 2,500 ($34.54) price target on shares of Bunzl in a research report on Wednesday, January 24th. Deutsche Bank upped their price target on shares of Bunzl from GBX 2,540 ($35.09) to GBX 2,630 ($36.34) and gave the company a “buy” rating in a research report on Friday, January 12th. Shore Capital restated a “buy” rating on shares of Bunzl in a research report on Thursday, January 11th. Credit Suisse Group upped their price target on shares of Bunzl from GBX 2,400 ($33.16) to GBX 2,470 ($34.13) and gave the company an “outperform” rating in a research report on Monday, January 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Bunzl from GBX 2,505 ($34.61) to GBX 2,516 ($34.76) and gave the company a “neutral” rating in a research report on Wednesday, October 25th.
Bunzl (BNZL) traded up GBX 25 ($0.35) during midday trading on Friday, reaching GBX 2,031 ($28.06). 859,351 shares of the company’s stock traded hands, compared to its average volume of 1,090,000. Bunzl has a twelve month low of GBX 1,930 ($26.66) and a twelve month high of GBX 2,472 ($34.15). The stock has a market capitalization of $6,840.00 and a price-to-earnings ratio of 2,361.63.
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Bunzl plc is engaged in the distribution and outsourcing service. It supplies a range of non-food products to a range of market sectors. Its segments include North America, Continental Europe, UK & Ireland, and Rest of the World. It serves six market sectors, including foodservice, which offers non-food consumables, including food packaging and guest amenities, to hotels and restaurants, among others; grocery, which includes foods not for resale, including films and labels, to grocery stores and supermarkets, among others; cleaning and hygiene, which offers materials, including chemicals and hygiene paper, to cleaning and facilities management companies, among others; safety, which offers personal protection equipment, to industrial and construction markets; retail, which includes goods not for resale, such as packaging and other store supplies, and healthcare, which offers disposable healthcare consumables, including gloves and bandages, to hospitals and care homes, among others.
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