Bunzl's (BNZL) "Underperform" Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Underperform” rating on Bunzl and set a GBX 1,900 price target, implying approximately 32% downside from the stock’s current price.
• Analyst views remain mixed: two rate Bunzl a Buy, three a Hold, and two a Sell, resulting in an overall “Hold” consensus despite several analysts raising their targets.
• Bunzl shares opened at GBX 2,804, near their 12-month high of GBX 2,898. The company reported quarterly EPS of GBX 65.70, with a 17.21% return on equity and a 5.12% net margin.

Bunzl (LON:BNZL - Get Free Report)'s stock had its "underperform" rating reaffirmed by analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, London Stock Exchange reports. They presently have a GBX 1,900 price target on the stock. Jefferies Financial Group's price objective would suggest a potential downside of 32.24% from the company's current price.

Other research analysts have also recently issued research reports about the stock. Citigroup boosted their price objective on shares of Bunzl from £280 to £300 and gave the company a "buy" rating in a report on Thursday, June 25th. Royal Bank Of Canada boosted their price target on shares of Bunzl from GBX 2,200 to GBX 2,600 and gave the company a "sector perform" rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on Bunzl from GBX 2,580 to GBX 2,610 and gave the stock an "overweight" rating in a research note on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft cut Bunzl to a "hold" rating and boosted their target price for the company from GBX 2,950 to GBX 3,000 in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of GBX 6,380.

Bunzl Price Performance

Shares of BNZL stock opened at GBX 2,804 on Tuesday. The company has a market capitalization of £9.00 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. Bunzl has a twelve month low of GBX 1,981 and a twelve month high of GBX 2,898. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81. The firm has a fifty day simple moving average of GBX 2,739.36 and a 200-day simple moving average of GBX 2,466.64.

Bunzl (LON:BNZL - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share (EPS) for the quarter. Bunzl had a return on equity of 17.21% and a net margin of 5.12%. Equities research analysts anticipate that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

Bunzl Company Profile

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.

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