Goldman Sachs Group Reaffirms Buy Rating for Bunzl (LON:BNZL)
Goldman Sachs Group reissued their buy rating on shares of Bunzl (LON:BNZL) in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other analysts have also issued reports on the company. JPMorgan Chase & Co. reissued a neutral rating on shares of Bunzl in a report on Wednesday, May 15th. Deutsche Bank reduced 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 report on Friday, August 9th. Credit Suisse Group lowered Bunzl to an underperform rating and reduced their target price for the stock from GBX 2,450 ($32.01) to GBX 2,100 ($27.44) in a report on Thursday, May 2nd. UBS Group reduced their target price 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. Finally, Shore Capital reissued a buy rating on shares of Bunzl in a report on Wednesday, June 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 2,327 ($30.41).
Shares of LON BNZL opened at GBX 2,025 ($26.46) on Tuesday. The firm has a market cap of $6.82 billion and a price-to-earnings ratio of 20.71. Bunzl has a one year low of GBX 2,026 ($26.47) and a one year 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’s fifty day moving average price is GBX 2,125.18 and its two-hundred day moving average price is GBX 2,281.86.
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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