Bunzl (LON:BNZL) Posts Earnings Results

Bunzl (LON:BNZL) issued its quarterly earnings data 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 Performance

Shares of BNZL stock opened at GBX 3,052 ($39.04) on Wednesday. The business has a fifty day moving average of GBX 3,360.43 and a 200 day moving average of GBX 3,425.99. Bunzl has a 1 year low of GBX 2,896 ($37.05) and a 1 year high of GBX 3,732 ($47.74). The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. The firm has a market capitalization of £9.98 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

Analyst Ratings Changes

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

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.