Brokerages Set Bunzl plc (OTCMKTS:BZLFY) Target Price at $2,808.75

Shares of Bunzl plc (OTCMKTS:BZLFYGet Rating) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $2,808.75.

Several analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Bunzl from GBX 2,530 ($30.57) to GBX 2,250 ($27.19) in a report on Friday, June 24th. Jefferies Financial Group downgraded Bunzl from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. JPMorgan Chase & Co. upped their target price on Bunzl from GBX 3,200 ($38.67) to GBX 3,250 ($39.27) in a report on Wednesday, August 31st. Finally, Credit Suisse Group decreased their target price on Bunzl from GBX 3,050 ($36.85) to GBX 2,800 ($33.83) in a research note on Friday, July 1st.

Bunzl Trading Down 0.8 %

Shares of OTCMKTS:BZLFY opened at $31.19 on Friday. The firm’s 50 day moving average price is $35.54 and its 200-day moving average price is $36.15. Bunzl has a twelve month low of $31.06 and a twelve month high of $41.45. The company has a current ratio of 1.34, a quick ratio of 0.80 and a debt-to-equity ratio of 0.65.

About Bunzl

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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.

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Analyst Recommendations for Bunzl (OTCMKTS:BZLFY)

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