Bunzl (BNZL) Given New GBX 2,550 Price Target at Barclays

Bunzl (LON:BNZL) had its target price trimmed by Barclays from GBX 2,700 ($35.28) to GBX 2,550 ($33.32) in a report published on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has an overweight rating on the stock.

Several other analysts also recently commented on BNZL. JPMorgan Chase & Co. reduced their price target on shares of Bunzl from GBX 2,630 ($34.37) to GBX 2,490 ($32.54) and set a neutral rating for the company in a research report on Thursday. Shore Capital reiterated a buy rating on shares of Bunzl in a research report on Wednesday, April 17th. UBS Group reiterated a neutral rating on shares of Bunzl in a research report on Tuesday, February 26th. Jefferies Financial Group upped their price target on shares of Bunzl from GBX 1,650 ($21.56) to GBX 2,050 ($26.79) and gave the company an underperform rating in a research report on Tuesday, April 9th. Finally, Deutsche Bank reiterated a buy rating on shares of Bunzl in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 2,408.18 ($31.47).

BNZL stock opened at GBX 2,352 ($30.73) on Thursday. Bunzl has a 12 month low of GBX 2,059 ($26.90) and a 12 month high of GBX 2,554 ($33.37). The firm has a market capitalization of $7.85 billion and a P/E ratio of 24.05. 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 company also recently disclosed a dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, May 23rd will be paid a GBX 35 ($0.46) dividend. This is a boost from Bunzl’s previous dividend of $15.20. This represents a yield of 1.38%. The ex-dividend date is Thursday, May 23rd. Bunzl’s payout ratio is currently 0.51%.

In other Bunzl news, insider Brian May sold 25,887 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 2,411 ($31.50), for a total value of £624,135.57 ($815,543.67). Also, insider Frank van Zanten sold 8,190 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of GBX 2,376 ($31.05), for a total transaction of £194,594.40 ($254,272.05).

About Bunzl

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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Analyst Recommendations for Bunzl (LON:BNZL)

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