Bunzl (LON:BNZL) Price Target Raised to GBX 2,800 at Jefferies Financial Group

Bunzl (LON:BNZL) had its target price raised by research analysts at Jefferies Financial Group from GBX 2,600 ($34.19) to GBX 2,800 ($36.82) in a research note issued to investors on Thursday, LSE.Co.UK reports. The brokerage presently has an “underperform” rating on the stock. Jefferies Financial Group’s price target indicates a potential downside of 21.92% from the company’s previous close.

Several other equities analysts have also commented on BNZL. Shore Capital reiterated a “buy” rating on shares of Bunzl in a research report on Tuesday, August 27th. JPMorgan Chase & Co. upped their target price on Bunzl from GBX 3,300 ($43.39) to GBX 3,380 ($44.44) and gave the company a “neutral” rating in a research report on Friday, June 28th. Royal Bank of Canada upgraded Bunzl to a “sector perform” rating and upped their target price for the stock from GBX 2,700 ($35.50) to GBX 3,350 ($44.05) in a research note on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 3,200 ($42.08) target price on shares of Bunzl in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 3,186 ($41.89).

Bunzl Stock Down 0.9 %

LON BNZL traded down GBX 32 ($0.42) during mid-day trading on Thursday, reaching GBX 3,586 ($47.15). The stock had a trading volume of 598,655 shares, compared to its average volume of 620,508. Bunzl has a 1 year low of GBX 2,709 ($35.62) and a 1 year high of GBX 3,638 ($47.84). The company has a debt-to-equity ratio of 106.68, a current ratio of 1.40 and a quick ratio of 0.73. The company has a fifty day moving average price of GBX 3,225.96 and a 200 day moving average price of GBX 3,109.55. The stock has a market cap of £12.05 billion, a PE ratio of 2,298.72, a price-to-earnings-growth ratio of 5.40 and a beta of 0.46.

Insider Buying and Selling at Bunzl

In other news, insider Jacky Simmonds bought 1,445 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were acquired at an average cost of GBX 3,462 ($45.52) per share, with a total value of £50,025.90 ($65,780.28). 0.84% of the stock is currently owned by insiders.

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.