Bunzl (LON:BNZL) had its price target trimmed by UBS Group from GBX 2,400 ($31.36) to GBX 2,250 ($29.40) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a neutral rating on the stock.
Several other brokerages also recently issued reports on BNZL. Credit Suisse Group reaffirmed a buy rating and issued a $19.50 price target on shares of Infineon Technologies in a report on Thursday, May 2nd. Jefferies Financial Group reaffirmed a hold rating on shares of COMPASS GRP PLC/S in a report on Tuesday, April 9th. Deutsche Bank reaffirmed a hold rating on shares of Steel Dynamics in a report on Thursday, June 27th. Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Anglo American in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 2,343 ($30.62).
Shares of LON BNZL opened at GBX 2,130 ($27.83) on Wednesday. Bunzl has a 12-month low of GBX 2,026 ($26.47) and a 12-month high of GBX 2,554 ($33.37). The stock has a market capitalization of $7.17 billion and a P/E ratio of 21.78. The company has a quick ratio of 0.82, a current ratio of 1.43 and a debt-to-equity ratio of 110.35. The firm has a 50-day simple moving average of GBX 2,126.36.
In other news, insider Frank van Zanten sold 3,699 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of GBX 2,113 ($27.61), for a total value of £78,159.87 ($102,129.71).
Bunzl Company Profile
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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