JPMorgan keeps GBp 2,800 target for Bunzl stock

Published on 10/15/2026 at 23:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan keeps a GBp 2,800 target for Bunzl. Bunzl stock costs EUR 33.93 at Lang & Schwarz on October 15, 2026.

October 20, 2026 reporting date

JPMorgan maintains a GBp 2,800 target for Bunzl on October 3, 2026.
Bunzl schedules its third-quarter trading update for October 20, 2026.
Bunzl stock costs EUR 33.93 at Lang & Schwarz on October 15, 2026 at 10:57 p.m. CEST.
Chemring trades at a price-to-earnings ratio of 42.62 on October 15, 2026.

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JPMorgan kept an Overweight rating and a GBp 2,800 target for Bunzl on October 3, 2026, according to Yahoo Finance. The target sits below the latest London quotation, giving the analyst view a more cautious valuation angle. Bunzl stock was trading at EUR 33.93 at Lang & Schwarz on October 15, 2026 at 10:57 p.m. CEST.

October 20 update approaches

Bunzl has scheduled its third-quarter trading update for October 20, 2026, according to the company investor calendar at Bunzl. The date is the next defined company event for investors and follows the half-year report published on September 1, 2026.

Revenue and margins set the test

Bunzl distributes packaging, cleaning and hygiene supplies, personal protection equipment and healthcare products to customers across several regions. Its half-year reporting showed adjusted operating profit of GBP 441 million and revenue growth of 4.10 percent excluding the tariff refund, figures carried in the company coverage dated October 8, 2026. The tariff refund matters because it changes the comparison base for reported growth.

Price position and peer figures

The latest London quotation was GBp 2,842.00 at 4:35 p.m. London time on October 15, 2026, while the 52-week high stood at GBp 2,898.00 on the same date. Bunzl therefore remained GBp 56.00 below that high. Its euro quotation was EUR 33.93 at Lang & Schwarz at 10:57 p.m. CEST.

Comparison with peers

Chemring: plus 1.56 percent, P/E 42.62, market capitalization GBP 1.4 billion
DCC: unchanged, P/E 459.29, market capitalization GBP 5.5 billion
Bunzl: P/E 15.88, market capitalization USD 11.0 billion

Trading calendar and valuation

The October 20, 2026 update should provide the next operating checkpoint after the half-year figures. The latest structured market valuation places Bunzl at a P/E ratio of 15.88 and a market capitalization of USD 11.0 billion as of October 14, 2026. Those figures are separate from the London share quotation and the euro price used for German investors.

What the next update can clarify

The key issue is whether the recent operating progress remains visible after the tariff refund effect is removed. Bunzl's distribution model gives the update several measurable points, including organic revenue, adjusted operating profit and margin development. The October 20 date makes those figures the next scheduled reference for the stock.

The further course of trading is shown by the continuously updated real-time quote of Bunzl stock.