Bunzl (LON:BNZL) Earns Underperform Rating from Jefferies Financial Group

Bunzl (LON:BNZL)‘s stock had its “underperform” rating reissued by equities researchers at Jefferies Financial Group in a note issued to investors on Tuesday, MarketBeat.com reports. They currently have a GBX 2,800 ($35.20) target price on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 15.76% from the stock’s previous close.

BNZL has been the topic of several other research reports. Shore Capital reissued a “buy” rating on shares of Bunzl in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of Bunzl from GBX 3,980 ($50.04) to GBX 4,150 ($52.18) and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada upgraded shares of Bunzl to a “sector perform” rating and raised their price target for the stock from GBX 2,700 ($33.95) to GBX 3,350 ($42.12) in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 3,375 ($42.43).

Bunzl Stock Performance

BNZL opened at GBX 3,324 ($41.79) on Tuesday. The stock’s 50 day simple moving average is GBX 3,505.98 and its 200-day simple moving average is GBX 3,320.23. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. The stock has a market cap of £11.10 billion, a PE ratio of 2,292.41, a P/E/G ratio of 5.40 and a beta of 0.45. Bunzl has a 1 year low of GBX 2,896 ($36.41) and a 1 year high of GBX 3,732 ($46.92).

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.