Bunzl (LON:BNZL) Given “Underperform” Rating at Jefferies Financial Group

Bunzl (LON:BNZL)‘s stock had its “underperform” rating reissued by Jefferies Financial Group in a report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 1,900 target price on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 26.39% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,200 price objective on shares of Bunzl in a research note on Tuesday, March 10th. Stifel Nicolaus reissued a “hold” rating and set a GBX 2,350 target price on shares of Bunzl in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of GBX 2,338.

Bunzl Trading Up 4.7%

Shares of BNZL stock traded up GBX 117.02 on Tuesday, hitting GBX 2,581.02. The company had a trading volume of 2,889,612 shares, compared to its average volume of 8,957,160. The firm has a market cap of £8.29 billion, a P/E ratio of 18.32, a P/E/G ratio of 5.40 and a beta of 0.32. The stock’s 50-day moving average is GBX 2,411.79 and its two-hundred day moving average is GBX 2,239.48. The company has a debt-to-equity ratio of 103.81, a quick ratio of 0.73 and a current ratio of 1.39. Bunzl has a twelve month low of GBX 1,981 and a twelve month high of GBX 2,634.

Insider Buying and Selling at Bunzl

In other news, insider Frank van Zanten sold 15,000 shares of Bunzl stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total value of £359,100. 0.48% of the stock is owned by corporate insiders.

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.