Bunzl (BNZL)

Sector:

Retailers

Index:

FTSE 100

3,412.00p
   
  • Change Today:
    -20.00p
  • 52 Week High: 3,714.00p
  • 52 Week Low: 2,875.00p
  • Currency: UK Pounds
  • Shares Issued: 334.63m
  • Volume: 789,888
  • Market Cap: £11,418m
  • RiskGrade: 114

Credit Suisse hikes target for Bunzl as inflation boosts sales

By Alexander Bueso

Date: Thursday 21 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Credit Suisse bumped-up their target price for shares of distribution products and services specialist Bunzl on the back of its recent above-trend growth in sales on the back of inflation, from 2,900.0p to 3,050.0p.
First quarter day-adjusted revenue growth reached 11.0% over the first quarter and around 21.0% in the company's core business.

That was despite the drag on the latter from an approximately 30% drop in revenues from Covid-related products year-on-year.

Its core business meanwhile was ahead by 14% relative to pre-pandemic levels.

Inflation-fuelled growth in North America and UK, in particular, were behind the improvement in Bunzl's topline.

FX tailwinds were also supporting sales, the broker added.



On the outlook, the Swiss broker said: "We expect growth rates to moderate during the year as comparables harden and input costs moderate, but still expect 10.5% organic growth in the core business, which remains well above historical trend growth."

Nonetheless, longer-term profit was seen running at 2.0%, although merger and acquisition activity was expected to provide a further boost.

Indeed, to the extent that Credit Suisse judged longer-term profit growth to be reflected in the share price, it kept its recommendation on the shares at 'neutral'.

As of 1604 GMT, shares of Bunzl were changing hands at a record high of 3,156.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bunzl Market Data

Currency UK Pounds
Share Price 3,412.00p
Change Today -20.00p
% Change -0.58 %
52 Week High 3,714.00p
52 Week Low 2,875.00p
Volume 789,888
Shares Issued 334.63m
Market Cap £11,418m
RiskGrade 114

Bunzl Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.84% below the market average96.84% below the market average96.84% below the market average96.84% below the market average96.84% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
59.86% above the market average59.86% above the market average59.86% above the market average59.86% above the market average59.86% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income
65.73% below the market average65.73% below the market average65.73% below the market average65.73% below the market average65.73% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
40.54% below the market average40.54% below the market average40.54% below the market average40.54% below the market average40.54% below the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 8
Sell 4
Strong Sell 2
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bunzl Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Nov-24 16-May-24
Paid 03-Jan-25 02-Jul-24
Amount 20.10p 50.10p

Trades for 31-Oct-2024

Time Volume / Share Price
16:36 191 @ 3,412.00p
16:36 1,300 @ 3,412.00p
16:35 250 @ 3,412.00p
16:35 19,429 @ 3,412.00p
16:35 8,351 @ 3,412.00p

Bunzl Key Personnel

CFO Richard Howes
Chair Peter Ventress

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