Deutsche Bank Aktiengesellschaft Reiterates “Hold” Rating for Bunzl (LON:BNZL)

Bunzl (LON:BNZL)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Friday, Marketbeat.com reports. They presently have a GBX 3,200 ($40.59) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 6.31% from the company’s previous close.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 3,095 ($39.26).

Bunzl Stock Performance

Shares of BNZL opened at GBX 3,010 ($38.18) on Friday. The firm has a market cap of £10.11 billion, a price-to-earnings ratio of 1,954.55, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47. The company’s fifty day moving average is GBX 3,033.92 and its 200-day moving average is GBX 3,094.87. The company has a quick ratio of 0.73, a current ratio of 1.40 and a debt-to-equity ratio of 106.68. Bunzl has a 12 month low of GBX 2,680 ($34.00) and a 12 month high of GBX 3,306 ($41.94).

Insiders Place Their Bets

In other news, insider Frank van Zanten sold 24,244 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($38.84), for a total value of £742,351.28 ($941,711.63). Corporate insiders own 0.84% of the company’s stock.

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.