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Deutsche Bank downgrades Bunzl to 'hold' after share price recovery matches operational improvements.

Market News
12 Aug 2026
Proactive Investors
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Neutral
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Deutsche Bank has downgraded Bunzl PLC from 'buy' to 'hold' as the company's share price has caught up with its operational recovery. Bunzl, a supplier of non-food consumables, faced challenges in 2025 including weak volumes and execution issues in its North American division, but has since improved service levels and returned to volume growth. The broker raised the target price slightly but noted the current valuation already reflects these improvements. Investors will watch Bunzl's half-year results on September 1 for confirmation of better performance and pricing conditions.

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