Jefferies Financial Group reaffirmed their underperform rating on shares of Bunzl (LON:BNZL – Free Report) in a research report sent to investors on Tuesday, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 1,900 price target on the stock.
A number of other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft cut Bunzl to a “hold” rating and upped their price objective for the company from GBX 2,950 to GBX 3,000 in a research report on Wednesday, August 12th. Citigroup raised their target price on Bunzl from £280 to £300 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada boosted their price target on Bunzl from GBX 2,200 to GBX 2,600 and gave the company a “sector perform” rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Bunzl has an average rating of “Hold” and a consensus target price of GBX 6,407.14.
View Our Latest Research Report on BNZL
Bunzl Price Performance
Bunzl (LON:BNZL – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share for the quarter. The firm had revenue of GBX 593.31 billion for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. On average, equities analysts anticipate that Bunzl will post 213.3413462 EPS for the current year.
Bunzl News Summary
Here are the key news stories impacting Bunzl this week:
- Positive Sentiment: JPMorgan Chase raised its price target from GBX 2,610 to GBX 2,800 and retained an “overweight” rating, signaling improved confidence in Bunzl’s potential relative to the sector. Bunzl Hits New 12-Month High
- Positive Sentiment: Bunzl North America CEO James McCool increased his holdings through the company’s employee stock plan. While the transaction may not represent an open-market purchase, additional management ownership can be viewed as modestly supportive. Bunzl North America CEO Adds to Holdings
- Positive Sentiment: UK and Ireland Managing Director Dale Stokes also disclosed a share transaction, providing another indication of ongoing management participation in Bunzl’s equity plans. Bunzl UK and Ireland Managing Director Share Deal
- Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating but lifted its target to GBX 3,000, implying some potential upside while maintaining a cautious view.
- Neutral Sentiment: RBC reiterated a “sector perform” rating with a GBX 2,600 target, suggesting limited conviction that Bunzl will materially outperform peers.
- Negative Sentiment: Jefferies reiterated its “underperform” rating, reinforcing concerns about Bunzl’s valuation or growth outlook despite the recent strength in the shares. Jefferies Reiterates Underperform Rating
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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