Bunzl (LON:BNZL) Sets New 52-Week Low - Should You Sell?

Bunzl plc (LON:BNZL - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 2,894 ($37.43) and last traded at GBX 2,898 ($37.49), with a volume of 946116 shares changing hands. The stock had previously closed at GBX 2,966 ($38.37).

Wall Street Analyst Weigh In

BNZL has been the topic of several recent research reports. Shore Capital reaffirmed a "buy" rating on shares of Bunzl in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on shares of Bunzl from GBX 3,980 ($51.48) to GBX 4,150 ($53.68) and gave the company an "overweight" rating in a report on Thursday, December 5th. Jefferies Financial Group reaffirmed an "underperform" rating and issued a GBX 2,800 ($36.22) price target on shares of Bunzl in a report on Tuesday, December 17th. Finally, Citigroup raised shares of Bunzl to a "buy" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of GBX 3,375 ($43.66).

Bunzl Stock Up 1.9 %

The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. The firm's 50-day moving average is GBX 3,305.79 and its 200 day moving average is GBX 3,412.58. The stock has a market cap of £9.63 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

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Bunzl (LON:BNZL - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The company reported GBX 194.30 ($2.51) EPS for the quarter. Bunzl had a net margin of 4.20% and a return on equity of 16.82%. Sell-side analysts anticipate that Bunzl plc will post 213.3413462 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bunzl news, insider Frank van Zanten acquired 4,000 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of GBX 3,037 ($39.28) per share, with a total value of £121,480 ($157,133.62). 0.84% of the stock is currently owned by company insiders.

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.