Market's view on Bunzl
Published on April 2024
- A dividend increase and the ex-dividend date for Bunzl PLC were announced, with payments scheduled for early January following a record date in late November.
- Upcoming events include a business services conference which might increase media exposure and potentially influence stock perception.
- Price support levels and resistance points for Bunzl’s stock were discussed, with predictions about movement towards these markers.
- Analysts from Shore Capital provided positive forecasts for Bunzl, citing strong cash generation and potential for growth through acquisitions; Bunzl’s resilience and strong management were highlighted as key strengths.
- Market analysts from Peel Hunt and Berenberg provided optimistic updates, with Bunzl described as under-valued and showing strong momentum which may lead to price target increases.
- Discussions included strategic acquisitions, operational performance, and financial metrics such as earnings per share and EV/EBITDA ratio.
- A podcast mentioned Bunzl favourably, discussing broader market strategies and investment education.
- Some stock watchers expressed surprise at stock downturns, considering Bunzl’s market position and fundamentals.
- Concerns were raised about potential challenges in the second half of the year, despite the company’s relevance in scenarios like a pandemic resurgence.