Bunzl’s (BNZL) Underperform Rating Reaffirmed at Jefferies Financial Group

Bunzl (LON:BNZL)‘s stock had its “underperform” rating reaffirmed by Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 2,300 target price on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 16.42% from the stock’s previous close.

Several other research firms also recently issued reports on BNZL. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,600 price objective on shares of Bunzl in a report on Tuesday, September 1st. JPMorgan Chase & Co. increased their target price on Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 3,000 price target on shares of Bunzl in a research report on Wednesday, September 2nd. Finally, Citigroup lifted their price target on shares of Bunzl from £280 to £300 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 7,175.

Bunzl Price Performance

BNZL opened at GBX 2,752 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 95.61. Bunzl has a 52-week low of GBX 1,981 and a 52-week high of GBX 2,898. The company has a 50 day moving average of GBX 2,701.43 and a two-hundred day moving average of GBX 2,584.11. The company has a market cap of £8.69 billion, a P/E ratio of 18.23, a P/E/G ratio of 5.40 and a beta of 0.32.

Bunzl (LON:BNZL) last announced its earnings results on Tuesday, September 1st. The company reported GBX 65.70 EPS for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. On average, analysts expect that Bunzl will post 213.34 earnings per share for the current year.

Insider Activity at Bunzl

In related news, insider Frank van Zanten acquired 34,946 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was purchased at an average cost of GBX 2,630 per share, for a total transaction of £919,079.80. Company insiders own 0.48% of the company’s stock.

About Bunzl

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores. It also provides food packaging, disposable tableware, guest amenities, catering equipment, agricultural supplies, cleaning and hygiene products, and safety items to hotels, restaurants, contract caterers, food processors, commercial growers, and the leisure sector; and gloves, boots, hard hats, ear and eye protection, and other workwear, as well as cleaning and hygiene supplies, and asset protection products to industrial and construction, and ecommerce sectors.