Bunzl (BNZL) Receives Average Rating of “Hold” from Brokerages

Bunzl (LON:BNZL) has been given a consensus rating of “Hold” by the twelve analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 2,374.56 ($33.12).

Several research firms recently weighed in on BNZL. Shore Capital reissued a “buy” rating and set a GBX 2,134 ($29.76) price objective on shares of Bunzl in a research report on Wednesday, April 18th. UBS reissued a “neutral” rating and set a GBX 2,200 ($30.68) price objective on shares of Bunzl in a research report on Monday, February 26th. Credit Suisse Group reissued an “outperform” rating and set a GBX 2,470 ($34.45) price objective on shares of Bunzl in a research report on Tuesday, February 27th. Deutsche Bank boosted their price objective on Bunzl from GBX 2,540 ($35.43) to GBX 2,630 ($36.68) and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, Goldman Sachs reissued a “buy” rating and set a GBX 2,500 ($34.87) price objective on shares of Bunzl in a research report on Wednesday, January 24th.

In other news, insider Brian May sold 12,921 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of GBX 2,016 ($28.12), for a total value of £260,487.36 ($363,301.76). Also, insider Patrick Larmon sold 12,061 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of GBX 1,952 ($27.22), for a total value of £235,430.72 ($328,355.26). Insiders have sold 35,454 shares of company stock worth $71,421,726 over the last 90 days.

Shares of LON:BNZL opened at GBX 2,068 ($28.84) on Wednesday. Bunzl has a fifty-two week low of GBX 1,918.50 ($26.76) and a fifty-two week high of GBX 2,472 ($34.48).

Bunzl (LON:BNZL) last announced its quarterly earnings results on Monday, February 26th. The company reported GBX 119.40 ($1.67) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 114 ($1.59) by GBX 5.40 ($0.08). Bunzl had a return on equity of 26.17% and a net margin of 4.01%. The company had revenue of GBX 858.09 billion during the quarter.

The company also recently declared a dividend, which will be paid on Monday, July 2nd. Investors of record on Thursday, May 24th will be paid a dividend of GBX 32 ($0.45) per share. This represents a yield of 1.65%. This is a positive change from Bunzl’s previous dividend of $14.00. The ex-dividend date of this dividend is Thursday, May 24th.

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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.

Analyst Recommendations for Bunzl (LON:BNZL)

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