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

Bunzl (LON:BNZL)‘s stock had its “underperform” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, London Stock Exchange reports. They currently have a GBX 1,900 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 32.24% from the company’s previous close.

A number of other analysts have also commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Bunzl from GBX 2,200 to GBX 2,600 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price target on Bunzl from GBX 2,580 to GBX 2,610 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Citigroup increased their price objective on shares of Bunzl from £280 to £300 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lowered Bunzl to a “hold” rating and upped their price objective for the company from GBX 2,950 to GBX 3,000 in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Bunzl currently has a consensus rating of “Hold” and a consensus price target of GBX 6,380.

Bunzl Stock Up 0.4%

Shares of Bunzl stock opened at GBX 2,804 on Tuesday. The firm has a market cap of £9.00 billion, a PE ratio of 19.90, a P/E/G ratio of 5.40 and a beta of 0.32. The business’s 50 day simple moving average is GBX 2,739.36 and its 200 day simple moving average is GBX 2,466.64. The company has a debt-to-equity ratio of 103.81, a quick ratio of 0.73 and a current ratio of 1.39. Bunzl has a 52-week low of GBX 1,981 and a 52-week high of GBX 2,898.

Bunzl (LON:BNZL) last released its quarterly earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share for the quarter. Bunzl had a return on equity of 17.21% and a net margin of 5.12%. On average, analysts predict that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

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.