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

Bunzl (LON:BNZL)‘s stock had its “underperform” rating reaffirmed by research analysts at Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 2,800 ($35.52) price objective on the stock. Jefferies Financial Group’s price objective points to a potential downside of 16.32% from the company’s current price.

A number of other research firms also recently weighed in on BNZL. Royal Bank of Canada upgraded Bunzl to a “sector perform” rating and upped their target price for the stock from GBX 2,700 ($34.26) to GBX 3,350 ($42.50) in a research report on Thursday, August 29th. Shore Capital restated a “buy” rating on shares of Bunzl in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on Bunzl from GBX 3,980 ($50.49) to GBX 4,150 ($52.65) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Bunzl currently has an average rating of “Hold” and an average price target of GBX 3,375 ($42.82).

Bunzl Price Performance

BNZL traded down GBX 212 ($2.69) during trading on Tuesday, reaching GBX 3,346 ($42.45). The stock had a trading volume of 14,976,729 shares, compared to its average volume of 961,755. The firm has a market capitalization of £11.18 billion, a price-to-earnings ratio of 2,308.97, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00. Bunzl has a 1-year low of GBX 2,896 ($36.74) and a 1-year high of GBX 3,732 ($47.35). The stock has a 50 day moving average of GBX 3,509.98 and a two-hundred day moving average of GBX 3,319.98.

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.