Jefferies Financial Group Reaffirms “Hold” Rating for Bunzl (LON:BNZL)

Bunzl (LON:BNZL – Get Rating)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Financial Group in a report released on Monday, MarketBeat.com reports. They currently have a GBX 2,950 ($36.69) price target on the stock. Jefferies Financial Group’s price target suggests a potential downside of 5.02% from the company’s current price.

BNZL has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 3,060 ($38.06) target price on shares of Bunzl in a report on Tuesday, February 28th. JPMorgan Chase & Co. raised Bunzl to an “overweight” rating and upped their price objective for the stock from GBX 3,250 ($40.42) to GBX 3,375 ($41.98) in a report on Monday, March 13th. Barclays reissued an “underweight” rating and issued a GBX 2,750 ($34.20) target price on shares of Bunzl in a report on Thursday, April 27th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 2,955 ($36.75).

Bunzl Stock Down 1.6 %

Shares of BNZL stock opened at GBX 3,106 ($38.63) on Monday. The company’s fifty day simple moving average is GBX 3,106.54 and its two-hundred day simple moving average is GBX 3,014.63. Bunzl has a 52 week low of GBX 2,542 ($31.62) and a 52 week high of GBX 3,249 ($40.41). The stock has a market cap of £10.49 billion, a P/E ratio of 2,218.57, a PEG ratio of 5.40 and a beta of 0.47. The company has a quick ratio of 0.73, a current ratio of 1.40 and a debt-to-equity ratio of 118.76.

Insiders Place Their Bets

In other news, insider Richard Howes sold 4,909 shares of the stock in a transaction on Friday, March 3rd. The shares were sold at an average price of GBX 3,002 ($37.34), for a total value of £147,368.18 ($183,293.76). In related news, insider Frank van Zanten sold 13,046 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of GBX 2,986 ($37.14), for a total transaction of £389,553.56 ($484,519.35). Also, insider Richard Howes sold 4,909 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of GBX 3,002 ($37.34), for a total value of £147,368.18 ($183,293.76). Insiders sold 81,898 shares of company stock valued at $249,954,592 over the last three months. 0.87% of the stock is owned by company insiders.

Bunzl Company Profile

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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.