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

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

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

Bunzl Stock Down 0.7 %

LON BNZL opened at GBX 3,302 ($41.27) on Tuesday. Bunzl has a fifty-two week low of GBX 2,896 ($36.20) and a fifty-two week high of GBX 3,732 ($46.64). 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. 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 stock has a market capitalization of £11.03 billion, a PE ratio of 2,277.24, a PEG ratio of 5.40 and a beta of 0.45.

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.