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

Key Points

• Jefferies Financial Group has reissued an "underperform" rating for Bunzl with a target price of GBX 1,900, indicating a potential downside of 21.75% from its previous close.
• Other analysts have mixed ratings for Bunzl, with estimates ranging from a "buy" rating and GBX 3,040 target to a "sell" rating with a GBX 2,200 target, resulting in a consensus rating of "Hold" and a price target of GBX 2,728.
• Bunzl reported earnings of GBX 77.80 per share with a net margin of 4.20% and a return on equity of 16.82% for the latest quarter, as the company operates in the distribution of essential goods across several regions.

Bunzl (LON:BNZL - Get Free Report)'s stock had its "underperform" rating reissued by Jefferies Financial Group in a report released on Thursday, Marketbeat Ratings reports. They presently have a GBX 1,900 target price on the stock. Jefferies Financial Group's price objective would suggest a potential downside of 21.75% from the stock's previous close.

Other analysts have also issued reports about the stock. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 2,350 price target on shares of Bunzl in a research report on Thursday. UBS Group reiterated a "sell" rating and issued a GBX 2,200 price target on shares of Bunzl in a research report on Friday, August 15th. Finally, Shore Capital reiterated a "buy" rating and issued a GBX 3,040 price target on shares of Bunzl in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 2,728.

Bunzl Trading Down 0.4%

Shares of BNZL opened at GBX 2,428 on Thursday. 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 firm's 50-day moving average is GBX 2,400.61 and its two-hundred day moving average is GBX 2,447.68. Bunzl has a twelve month low of GBX 2,210 and a twelve month high of GBX 3,634. The firm has a market capitalization of £7.85 billion, a P/E ratio of 1,669.88, a PEG ratio of 5.40 and a beta of 0.45.

Bunzl (LON:BNZL - Get Free Report) last issued its earnings results on Tuesday, August 26th. The company reported GBX 77.80 earnings per share for the quarter. Bunzl had a net margin of 4.20% and a return on equity of 16.82%. On average, research analysts predict that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

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.

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