Bunzl (LON:BNZL) Upgraded at Citigroup

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

BNZL has been the topic of several other reports. Jefferies Financial Group restated an “underperform” rating and set a GBX 2,800 ($34.27) price objective on shares of Bunzl in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price target on shares of Bunzl from GBX 3,980 ($48.71) to GBX 4,150 ($50.80) and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Shore Capital reiterated a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 3,375 ($41.31).

Bunzl Trading Up 0.7 %

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

Bunzl Company Profile

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.