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

Bunzl (LON:BNZL - Get Free Report)'s stock had its "underperform" rating reiterated by stock analysts at Jefferies Financial Group in a report released on Tuesday, MarketBeat reports. They currently have a GBX 2,800 ($35.52) price objective on the stock. Jefferies Financial Group's price objective points to a potential downside of 15.67% from the company's previous close.

Several other research firms have also recently issued reports on BNZL. JPMorgan Chase & Co. raised their target price on Bunzl from GBX 3,980 ($50.49) to GBX 4,150 ($52.65) and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Shore Capital reissued a "buy" rating on shares of Bunzl in a research note on Thursday, October 24th. Finally, Royal Bank of Canada upgraded Bunzl to a "sector perform" rating and upped their target price for the company from GBX 2,700 ($34.26) to GBX 3,350 ($42.50) in a report on Thursday, August 29th. One equities 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, the company currently has an average rating of "Hold" and an average price target of GBX 3,375 ($42.82).

Bunzl Trading Down 6.7 %

Shares of Bunzl stock traded down GBX 237.87 ($3.02) on Tuesday, hitting GBX 3,320.13 ($42.12). The stock had a trading volume of 3,180,680 shares, compared to its average volume of 913,804. The stock's 50-day simple moving average is GBX 3,509.98 and its two-hundred day simple moving average is GBX 3,319.98. Bunzl has a one year low of GBX 2,896 ($36.74) and a one year high of GBX 3,732 ($47.35). The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00. The stock has a market cap of £11.09 billion, a price-to-earnings ratio of 2,289.74, 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.