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

Jefferies Financial Group reaffirmed their underperform rating on shares of Bunzl (LON:BNZL) in a research note released on Tuesday, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 2,800 ($35.00) price objective on the stock.

Several other analysts have also commented on BNZL. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on Bunzl from GBX 3,980 ($49.74) to GBX 4,150 ($51.87) and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada raised Bunzl to a “sector perform” rating and lifted their price objective for the stock from GBX 2,700 ($33.75) to GBX 3,350 ($41.87) in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Bunzl presently has a consensus rating of “Hold” and a consensus price target of GBX 3,375 ($42.18).

Bunzl Stock Down 0.7 %

Shares of LON:BNZL opened at GBX 3,302 ($41.27) on Tuesday. The company has a market capitalization of £11.03 billion, a PE ratio of 2,277.24, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. Bunzl has a 1 year low of GBX 2,896 ($36.20) and a 1 year high of GBX 3,732 ($46.64). The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. The business has a fifty day moving average price of GBX 3,501.78 and a two-hundred day moving average price of GBX 3,320.26.

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.