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

Bunzl (LON:BNZL)‘s stock had its “underperform” rating restated by research analysts at Jefferies Financial Group in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 2,300 target price on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 16.67% from the company’s previous close.

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

Bunzl Stock Performance

Bunzl stock opened at GBX 2,760 on Tuesday. The stock has a fifty day moving average price of GBX 2,701.43 and a two-hundred day moving average price of GBX 2,584.11. 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 has a 52-week low of GBX 1,981 and a 52-week high of GBX 2,898. The firm has a market capitalization of £8.72 billion, a P/E ratio of 18.28, a P/E/G ratio of 5.40 and a beta of 0.32.

Bunzl (LON:BNZL) last announced its quarterly 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, analysts anticipate that Bunzl will post 213.34 EPS for the current fiscal year.

Insider Transactions at Bunzl

In related news, insider Frank van Zanten purchased 34,946 shares of Bunzl stock in a transaction that occurred on Thursday, September 17th. The shares were acquired 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 company 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.