Bunzl (LON:BNZL) Given New GBX 2,610 Price Target at JPMorgan Chase & Co.

by · The Cerbat Gem

Bunzl (LON:BNZL – Get Free Report) had its price target upped by equities research analysts at JPMorgan Chase & Co. from GBX 2,580 to GBX 2,610 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 1.29% from the stock’s current price.

BNZL has been the subject of several other research reports. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,900 price target on shares of Bunzl in a report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,200 price objective on shares of Bunzl in a report on Tuesday, March 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 2,350 price objective on shares of Bunzl in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 2,383.33.

Read Our Latest Research Report on BNZL

Bunzl Price Performance

LON BNZL opened at GBX 2,644 on Wednesday. The company has a debt-to-equity ratio of 103.81, a quick ratio of 0.73 and a current ratio of 1.39. The stock has a market cap of £8.49 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 5.40 and a beta of 0.32. The business has a 50 day simple moving average of GBX 2,416.37 and a 200 day simple moving average of GBX 2,242.50. Bunzl has a 52-week low of GBX 1,981 and a 52-week high of GBX 2,654.

Insider Activity at Bunzl

In related news, insider Frank van Zanten sold 15,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total transaction of £359,100. 0.48% of the stock is currently owned by corporate insiders.

About Bunzl

(Get Free Report)

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. It also provides food packaging, disposable tableware, guest amenities, catering equipment, agricultural supplies, cleaning and hygiene products, and safety items to hotels, restaurants, contract caterers, food processors, commercial growers, and the leisure sector; and gloves, boots, hard hats, ear and eye protection, and other workwear, as well as cleaning and hygiene supplies, and asset protection products to industrial and construction, and ecommerce sectors.

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