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

Bunzl (LON:BNZL)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Jefferies Financial Group in a research note issued on Tuesday,London Stock Exchange reports. They currently have a GBX 1,900 target price on the stock. Jefferies Financial Group’s price target suggests a potential downside of 26.39% from the stock’s current price.

Several other brokerages also recently weighed in on BNZL. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,200 price objective on shares of Bunzl in a research report on Tuesday, March 10th. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 2,350 target price on shares of Bunzl in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bunzl has a consensus rating of “Reduce” and an average target price of GBX 2,338.

Bunzl Price Performance

LON:BNZL traded up GBX 117.02 during mid-day trading on Tuesday, reaching GBX 2,581.02. The stock had a trading volume of 2,889,612 shares, compared to its average volume of 8,957,160. The stock has a 50-day simple moving average of GBX 2,411.79 and a two-hundred day simple moving average of GBX 2,239.48. The stock has a market capitalization of £8.29 billion, a PE ratio of 18.32, a P/E/G ratio of 5.40 and a beta of 0.32. The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73. Bunzl has a 12 month low of GBX 1,981 and a 12 month high of GBX 2,634.

Insider Buying and Selling at Bunzl

In other news, insider Frank van Zanten sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of GBX 2,394, for a total value of £359,100. Company 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.