Bunzl (LON:BNZL) Issues Quarterly Earnings Results

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

Bunzl Trading Up 0.5 %

Shares of BNZL traded up GBX 16 ($0.20) during mid-day trading on Wednesday, reaching GBX 3,052 ($39.04). 3,227,058 shares of the company were exchanged, compared to its average volume of 784,641. The stock has a market capitalization of £9.98 billion, a PE ratio of 21.10, a PEG ratio of 5.40 and a beta of 0.45. Bunzl has a 52 week low of GBX 2,896 ($37.05) and a 52 week high of GBX 3,732 ($47.74). The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The business has a 50 day simple moving average of GBX 3,355.07 and a two-hundred day simple moving average of GBX 3,424.63.

Wall Street Analysts Forecast Growth

BNZL has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 2,800 ($35.82) price target on shares of Bunzl in a report on Tuesday, December 17th. Shore Capital reissued a “buy” rating on shares of Bunzl in a research report on Thursday, December 19th. Citigroup upgraded shares of Bunzl to a “buy” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. increased 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 report on Thursday, December 5th. One investment 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’s stock. According to data from MarketBeat.com, the stock 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.