Bunzl (LON:BNZL) Earns “Underperform” Rating from Jefferies Financial Group

Bunzl (LON:BNZL)‘s stock had its “underperform” rating reiterated by stock analysts at Jefferies Financial Group in a report issued on Tuesday, Digital Look reports. They currently have a GBX 2,300 price objective on the stock. Jefferies Financial Group‘s target price indicates a potential downside of 17.39% from the company’s current price.

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

Bunzl Stock Performance

LON BNZL opened at GBX 2,784 on Tuesday. Bunzl has a 52-week low of GBX 1,981 and a 52-week high of GBX 2,898. The company has a fifty day moving average of GBX 2,700.78 and a 200-day moving average of GBX 2,594.69. The company has a market capitalization of £8.80 billion, a P/E ratio of 18.44, a P/E/G ratio of 5.40 and a beta of 0.32. The company has a debt-to-equity ratio of 95.61, a quick ratio of 0.73 and a current ratio of 1.38.

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

Insider Activity

In other news, insider Frank van Zanten acquired 34,946 shares of the firm’s stock in a transaction 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. Insiders own 0.48% of the company’s stock.

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.