Goldman Sachs Group Trims Bunzl (BNZL) Target Price to GBX 2,650

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.

The business also recently declared a dividend, which will be paid on Monday, July 1st. Stockholders 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. The ex-dividend date is Thursday, May 23rd. This represents a dividend yield of 1.38%. Bunzl’s dividend payout ratio is presently 0.51%.

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).

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.

Featured Story: What is a Leveraged Buyout (LBO)?

Analyst Recommendations for Bunzl (LON:BNZL)

Receive News & Ratings for Bunzl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunzl and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit