Bunzl’s (BNZL) Underperform Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their underperform rating on shares of Bunzl (LON:BNZL) in a research note issued to investors on Wednesday,Digital Look reports. Jefferies Financial Group currently has a GBX 1,900 price target on the stock.

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,200 target price on shares of Bunzl in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of GBX 2,338.

Bunzl Stock Up 0.8%

BNZL stock opened at GBX 2,444.23 on Wednesday. The firm has a 50 day moving average of GBX 2,244.85 and a 200 day moving average of GBX 2,203.66. Bunzl has a 52 week low of GBX 1,981 and a 52 week high of GBX 2,609.33. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81. The stock has a market capitalization of £7.85 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 5.40 and a beta of 0.29.

Bunzl (LON:BNZL) last posted its earnings results on Monday, March 2nd. The company reported GBX 179.30 EPS for the quarter. Bunzl had a net margin of 5.12% and a return on equity of 17.21%. Sell-side analysts forecast that Bunzl will post 213.3413462 earnings per share for the current year.

Insider Activity

In other Bunzl news, insider Richard Howes purchased 8,267 shares of Bunzl stock in a transaction dated Monday, March 16th. The shares were acquired at an average price of GBX 2,299 per share, with a total value of £190,058.33. Corporate insiders own 0.38% 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.