Bunzl (LON:BNZL) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Shares of Bunzl plc (LON:BNZL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,391.43 ($42.05) and traded as high as GBX 3,440 ($42.65). Bunzl shares last traded at GBX 3,416 ($42.36), with a volume of 777,181 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reiterated an "underperform" rating and issued a GBX 2,800 ($34.72) price target on shares of Bunzl in a research note on Tuesday, December 17th. Shore Capital reaffirmed a "buy" rating on shares of Bunzl in a research report on Thursday, December 19th. Citigroup upgraded shares of Bunzl to a "buy" rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. raised their price target on Bunzl from GBX 3,980 ($49.35) to GBX 4,150 ($51.46) and gave the company an "overweight" rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of GBX 3,375 ($41.85).

Bunzl Price Performance

The stock's 50-day moving average is GBX 3,408.94 and its 200 day moving average is GBX 3,400.54. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The stock has a market capitalization of £11.52 billion, a PE ratio of 2,377.93, a P/E/G ratio of 5.40 and a beta of 0.45.

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.