Bunzl (LON:BNZL) Stock Rating Reaffirmed as “Underperform” by Jefferies Financial Group

Bunzl (LON:BNZL)‘s stock had its “underperform” rating reiterated by equities researchers at Jefferies Financial Group in a report issued on Tuesday, October 20th, Digital Look reports. They currently have a GBX 2,300 target price on the stock. Jefferies Financial Group‘s price target points to a potential downside of 19.92% from the stock’s current price.

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

Bunzl Stock Up 0.2%

Bunzl stock traded up GBX 6 during midday trading on Tuesday, reaching GBX 2,872. The company’s stock had a trading volume of 4,841,213 shares, compared to its average volume of 7,947,217. The company has a market cap of £9.07 billion, a P/E ratio of 19.02, a P/E/G ratio of 5.40 and a beta of 0.32. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 95.61. The business has a 50-day simple moving average of GBX 2,705.97 and a 200-day simple moving average of GBX 2,464.33. Bunzl has a fifty-two week low of GBX 1,981 and a fifty-two week high of GBX 2,898.

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

Insider Activity

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