Citigroup Upgrades Bunzl (LON:BNZL) to “Buy”

Citigroup upgraded shares of Bunzl (LON:BNZL) to a buy rating in a report released on Monday morning, Marketbeat Ratings reports.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their target price on Bunzl from GBX 3,980 ($48.71) to GBX 4,150 ($50.80) and gave the stock an “overweight” rating in a report on Thursday, December 5th. Shore Capital reiterated a “buy” rating on shares of Bunzl in a research report on Thursday, December 19th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 2,800 ($34.27) price objective on shares of Bunzl in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 3,375 ($41.31).

Bunzl Stock Up 0.7 %

Bunzl stock opened at GBX 3,332 ($40.78) on Monday. The company’s 50-day moving average price is GBX 3,417.97 and its two-hundred day moving average price is GBX 3,363.92. The stock has a market cap of £11.13 billion, a price-to-earnings ratio of 2,297.93, a PEG ratio of 5.40 and a beta of 0.45. Bunzl has a 52 week low of GBX 2,896 ($35.45) and a 52 week high of GBX 3,732 ($45.68). The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00.

About Bunzl

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.