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Prices & Quotes - UK Markets - Bunzl (BNZL)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 2,237.00p
Change Today:
-36.00p
Market Cap:
7,539m
Sector:
General Industrials

RBC remains 'cautious' on Bunzl, lowers target price

By Iain Gilbert

Date: Thursday 17 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC Capital Markets lowered their target price on distribution group Bunzl from 2,300.0p to 2,200.0p on Thursday to take into account the group's most recent trading update.
RBC Capital said whilst the stock had underperformed of late, other than mergers and acquisitions, it sees few catalysts. However, it stated that the net result was that 2020 forecasts went up, with a bigger Covid-19 product benefit than originally thought, although its previously sub-consensus 2021 forecasts came down 1%.

The Canadian bank said comparatives were "tough" on a relative basis going into 2021 and also noted that the macro environment was likely to remain "weak" in some of Bunzl's end markets.

"With valuation relatively unattractive and with organic growth likely harder to come by going forward, we believe sentiment and momentum will likely remain muted," said the analysts.

RBC also pointed out that M&A opportunities should continue to emerge over time and would also remain "crucial" to the investment story, given its view that longer-term growth and margins remained under "some structural and mix pressures".

"We continue to be cautious and remain at 'underperform', believing there are better defensive growth stocks in the sector and within the distributors specifically," concluded RBC.

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Bunzl Market Data

Currency UK Pounds
Price 2,237.00p
Change Today -36.00p
52 Week High 2,603.00p
52 Week Low 1,277.00p
Volume 977,183
Shares Issued 337.01m
Market Cap 7,539m

Performance Indicators

Compare performance with the sector and the market.

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Value
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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 9
Buy 1
Neutral 5
Sell 0
Strong Sell 3
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bunzl Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 03-Dec-20 15-Oct-20
Paid 07-Jan-21 16-Nov-20
Amount 15.80p 35.80p

Trades for 26-Feb-2021

Time Volume / Share Price
16:54 148,999 @ 2,248.54p
16:40 39,509 @ 2,237.15p
16:37 1,367 @ 2,237.00p
16:36 148,999 @ 2,248.54p
16:35 475,735 @ 2,237.00p

Bunzl Key Personnel

CFO Richard Howes
Chair Peter Ventress