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Bunzl plc (BNZL) Ordinary 32 1/7p

Sell:2,128.00p Buy:2,130.00p 0 Change: 5.00p (0.24%)
FTSE 100:0.63%
Market closed Prices as at close on 16 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:2,128.00p
Buy:2,130.00p
Change: 5.00p (0.24%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 16 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:2,128.00p
Buy:2,130.00p
Change: 5.00p (0.24%)
Market closed Prices as at close on 16 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

HL comment (11 December 2014)

Trading statement: London headquartered outsourcing and distribution group Bunzl expects full year revenue growth, at constant exchange rates to be around 6%. The group said operating margin should be slightly ahead of last year, with all areas of the business benefitting from the positive impact of acquisitions (a key component of Bunzl's growth strategy). The company also announced the acquisition of Acme Supplies, a cleaning and hygiene supplies business based in Vancouver Island, Canada. Revenue in the year ended 30 November 2014 was C$16 million. For now, analyst market consensus opinion points to a buy.

Read more share research from Hargreaves Lansdown

Financial Highlights:
  • At constant exchange rates, Bunzl expects full year group revenue growth to be around 6%.

Negative Points:
  • Bunzl remains sensitive to currency fluctuations. Management previously noted that "If current exchange rates prevail for the rest of the year, the reported results will continue to be adversely affected by the translation impact of the relative strength of sterling."
  • Some analyst concern regarding valuation has been expressed. The share price has outperformed the broader FTSE-100 index by nearly 20% over the last year alone.
  • The company operates in highly competitive markets and faces competition from international companies as well as national, regional and local companies in the countries in which it operates.
  • Acquisitions always bring an element of risk.

Positive Points:
  • Bunzl said the current environment for acquisitions remains positive, and it has "a promising pipeline of opportunities." Acquisitions remain a key component of Bunzl's growth strategy. The company has acquired 14 businesses year to date.
  • Overall trading had remained in line with management's expectations.
  • Both geographical and customer industry diversification are enjoyed.
  • A progressive dividend policy continues to be pursued by the board. The interim dividend was increased by 10% to 11 pence. The total dividend for the 2013 financial year was increased by 15% when compared to 2012.

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This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research disclosure for more information.


Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used.
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.