Bunzl (LON:BNZL) Given “Underperform” Rating at Jefferies Financial Group

Jefferies Financial Group reiterated their underperform rating on shares of Bunzl (LON:BNZL) in a research report sent to investors on Tuesday, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 2,800 ($35.60) price target on the stock.

BNZL has been the topic of a number of other research reports. Shore Capital reiterated a “buy” rating on shares of Bunzl in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Bunzl from GBX 3,980 ($50.60) to GBX 4,150 ($52.76) and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada upgraded Bunzl to a “sector perform” rating and upped their target price for the stock from GBX 2,700 ($34.32) to GBX 3,350 ($42.59) in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 3,375 ($42.91).

Bunzl Trading Down 5.7 %

Shares of LON:BNZL opened at GBX 3,356 ($42.66) on Tuesday. The business’s 50-day moving average is GBX 3,509.98 and its 200 day moving average is GBX 3,319.98. The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. Bunzl has a 1 year low of GBX 2,896 ($36.82) and a 1 year high of GBX 3,732 ($47.44). The firm has a market capitalization of £11.21 billion, a P/E ratio of 2,289.74, a P/E/G 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.