Jefferies Financial Group Reiterates “Underperform” Rating for Bunzl (LON:BNZL)

Bunzl (LON:BNZL)‘s stock had its “underperform” rating reiterated by equities research analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 1,900 price objective on the stock. Jefferies Financial Group’s price objective points to a potential downside of 21.13% from the stock’s previous close.

Separately, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,200 price target on shares of Bunzl in a report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Bunzl has an average rating of “Reduce” and a consensus target price of GBX 2,335.

Bunzl Stock Performance

LON BNZL traded up GBX 29 on Wednesday, hitting GBX 2,409. 2,097,301 shares of the company traded hands, compared to its average volume of 5,957,394. The company has a market capitalization of £7.73 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 5.40 and a beta of 0.29. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81. The business’s 50 day moving average price is GBX 2,229.24 and its 200-day moving average price is GBX 2,201.02. Bunzl has a 52-week low of GBX 1,981 and a 52-week high of GBX 2,609.33.

Bunzl (LON:BNZL) last posted its quarterly earnings results on Monday, March 2nd. The company reported GBX 179.30 EPS for the quarter. Bunzl had a return on equity of 17.21% and a net margin of 5.12%. Equities analysts expect that Bunzl will post 213.3413462 earnings per share for the current year.

Insider Buying and Selling

In other Bunzl news, insider Richard Howes purchased 8,267 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were acquired at an average cost of GBX 2,299 per share, with a total value of £190,058.33. 0.38% of the stock is currently owned by corporate insiders.

Bunzl Company Profile

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.