Jefferies Financial Group Reaffirms “Underperform” Rating for Bunzl (LON:BNZL)

Bunzl (LON:BNZL)‘s stock had its “underperform” rating restated by Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 2,300 price target on the stock. Jefferies Financial Group’s price target would indicate a potential downside of 16.24% from the company’s current price.

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

Bunzl Price Performance

Shares of BNZL traded down GBX 64 during trading hours on Tuesday, reaching GBX 2,746. The company had a trading volume of 3,059,511 shares, compared to its average volume of 7,894,075. The firm has a 50 day simple moving average of GBX 2,701.43 and a 200-day simple moving average of GBX 2,584.11. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 95.61. The company has a market capitalization of £8.68 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 5.40 and a beta of 0.32. Bunzl has a 12-month low of GBX 1,981 and a 12-month high of GBX 2,898.

Bunzl (LON:BNZL) last released its quarterly earnings data 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%. Research analysts expect that Bunzl will post 213.34 earnings per share for the current year.

Insider Buying and Selling

In other Bunzl news, insider Frank van Zanten purchased 34,946 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was bought at an average cost of GBX 2,630 per share, for a total transaction of £919,079.80. Insiders own 0.48% of the company’s stock.

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.