Bunzl plc (LON:BNZL) Receives GBX 3,375 Consensus Target Price from Analysts

Shares of Bunzl plc (LON:BNZL) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,375 ($45.20).

Separately, Shore Capital restated a “buy” rating on shares of Bunzl in a research report on Tuesday, April 29th.

Insider Transactions at Bunzl

In related news, insider Frank van Zanten bought 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of GBX 3,037 ($40.67) per share, with a total value of £121,480 ($162,689.17). Also, insider Richard Howes acquired 8,479 shares of the firm’s stock in a transaction on Wednesday, April 16th. The stock was purchased at an average price of GBX 2,338 ($31.31) per share, for a total transaction of £198,239.02 ($265,486.84). In the last ninety days, insiders purchased 12,910 shares of company stock valued at $32,966,219. Insiders own 0.84% of the company’s stock.

Bunzl Stock Down 1.4%

BNZL opened at GBX 2,490 ($33.35) on Friday. The company has a fifty day moving average price of GBX 2,687.69 and a 200-day moving average price of GBX 3,138.35. The firm has a market capitalization of £8.14 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. Bunzl has a one year low of GBX 2,218 ($29.70) and a one year high of GBX 3,732 ($49.98).

Bunzl (LON:BNZL) last posted its earnings results on Monday, March 3rd. The company reported GBX 194.30 ($2.60) EPS for the quarter. Bunzl had a return on equity of 16.82% and a net margin of 4.20%. Equities research analysts expect that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

Bunzl Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, May 22nd will be issued a dividend of GBX 53.80 ($0.72) per share. This is an increase from Bunzl’s previous dividend of $20.10. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, May 22nd. Bunzl’s payout ratio is currently 48.39%.

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.