Bunzl (LON:BNZL) had its price objective trimmed by Goldman Sachs Group from GBX 2,750 ($35.93) to GBX 2,650 ($34.63) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a neutral rating on the stock.
A number of other equities analysts have also recently issued reports on the company. Barclays upped their target price on Bunzl from GBX 2,600 ($33.97) to GBX 2,700 ($35.28) and gave the stock an overweight rating in a report on Wednesday, February 27th. Royal Bank of Canada reaffirmed an underperform rating on shares of Bunzl in a report on Friday, February 1st. Deutsche Bank reaffirmed a buy rating on shares of Bunzl in a report on Thursday. Shore Capital reaffirmed a buy rating on shares of Bunzl in a report on Wednesday, February 20th. Finally, Jefferies Financial Group upped their target price on Bunzl from GBX 1,650 ($21.56) to GBX 2,050 ($26.79) and gave the stock an underperform rating in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 2,408.18 ($31.47).
Shares of BNZL 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 company has a quick ratio of 0.82, a current ratio of 1.43 and a debt-to-equity ratio of 110.35. The stock has a market capitalization of $7.85 billion and a price-to-earnings ratio of 24.05.
In other news, insider Brian May sold 25,887 shares of the stock in a transaction dated Monday, March 4th. The stock was 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 stock in a transaction dated Friday, March 1st. The shares were sold at an average price of GBX 2,376 ($31.05), for a total value of £194,594.40 ($254,272.05).
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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