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

Jefferies Financial Group reissued their underperform rating on shares of Bunzl (LON:BNZL) in a research report released on Tuesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 2,300 target price on the stock.

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

Bunzl Stock Up 1.2%

Shares of LON BNZL opened at GBX 2,784 on Tuesday. The stock 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 50-day moving average price of GBX 2,700.78 and a 200-day moving average price of GBX 2,594.69. Bunzl has a 1 year low of GBX 1,981 and a 1 year high of GBX 2,898. The company has a debt-to-equity ratio of 95.61, a current ratio of 1.38 and a quick ratio of 0.73.

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

Insider Activity at Bunzl

In other 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 bought at an average cost of GBX 2,630 per share, with a total value 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.