Bunzl’s (BNZL) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Bunzl (LON:BNZL) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently weighed in on the stock. Barclays lifted their target price on shares of Bunzl from GBX 2,600 ($33.97) to GBX 2,700 ($35.28) and gave the stock an overweight rating in a research note on Wednesday, February 27th. Royal Bank of Canada restated an underperform rating on shares of Bunzl in a research report on Friday, February 1st. Deutsche Bank restated a buy rating on shares of Bunzl in a research report on Thursday, April 18th. JPMorgan Chase & Co. restated a neutral rating on shares of Bunzl in a research report on Thursday, April 25th. Finally, Credit Suisse Group lowered shares of Bunzl to an underperform rating and cut their price objective for the company from GBX 2,450 ($32.01) to GBX 2,100 ($27.44) in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 2,353 ($30.75).

BNZL opened at GBX 2,132 ($27.86) on Friday. The stock has a market capitalization of $7.11 billion and a PE ratio of 21.80. The company has a debt-to-equity ratio of 110.35, a current ratio of 1.43 and a quick ratio of 0.82. Bunzl has a twelve month low of GBX 2,125 ($27.77) and a twelve month high of GBX 2,554 ($33.37).

The company also recently disclosed a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, May 23rd will be given a GBX 35 ($0.46) dividend. This is a positive change from Bunzl’s previous dividend of $15.20. This represents a dividend yield of 1.38%. The ex-dividend date is Thursday, May 23rd. Bunzl’s dividend payout ratio (DPR) is 0.51%.

In other Bunzl news, insider Frank van Zanten sold 8,190 shares of Bunzl stock in a transaction that occurred 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). Also, insider Brian May sold 25,887 shares of Bunzl stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 2,411 ($31.50), for a total transaction of £624,135.57 ($815,543.67).

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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