Bunzl (LON:BNZL) Releases Quarterly Earnings Results

Bunzl (LON:BNZL) issued its earnings results on Monday. The company reported GBX 194.30 ($2.49) earnings per share for the quarter, Digital Look Earnings reports. Bunzl had a return on equity of 16.82% and a net margin of 4.20%.

Bunzl Stock Up 0.5 %

Shares of LON BNZL traded up GBX 16 ($0.20) during trading on Wednesday, reaching GBX 3,052 ($39.04). The company had a trading volume of 3,227,058 shares, compared to its average volume of 784,641. Bunzl has a 12-month low of GBX 2,896 ($37.05) and a 12-month high of GBX 3,732 ($47.74). 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 business’s 50-day moving average is GBX 3,355.07 and its 200 day moving average is GBX 3,424.63. The stock has a market cap of £9.98 billion, a PE ratio of 21.10, a P/E/G ratio of 5.40 and a beta of 0.45.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Bunzl from GBX 3,980 ($50.91) to GBX 4,150 ($53.09) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. Citigroup upgraded Bunzl to a “buy” rating in a report on Monday, January 13th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,800 ($35.82) price objective on shares of Bunzl in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Bunzl currently has a consensus rating of “Hold” and a consensus target price of GBX 3,375 ($43.18).

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.