Bunzl (LON:BNZL) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Bunzl plc (LON:BNZL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,263.62 ($41.30) and traded as high as GBX 3,456 ($43.73). Bunzl shares last traded at GBX 3,440 ($43.53), with a volume of 869,946 shares trading hands.

Wall Street Analysts Forecast Growth

BNZL has been the subject of a number of research analyst reports. Shore Capital reaffirmed a "buy" rating on shares of Bunzl in a report on Thursday, October 24th. Royal Bank of Canada raised shares of Bunzl to a "sector perform" rating and raised their target price for the stock from GBX 2,700 ($34.16) to GBX 3,350 ($42.39) in a report on Thursday, August 29th. Finally, Jefferies Financial Group raised their price target on shares of Bunzl from GBX 2,600 ($32.90) to GBX 2,800 ($35.43) and gave the company an "underperform" rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 3,182.50 ($40.27).

Bunzl Stock Down 1.2 %

The business's 50 day moving average price is GBX 3,529.32 and its 200-day moving average price is GBX 3,266.04. The firm has a market capitalization of £11.36 billion, a PE ratio of 2,344.83, a P/E/G ratio of 5.40 and a beta of 0.45. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15.

Bunzl Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 14th will be issued a GBX 20.10 ($0.25) dividend. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, November 14th. Bunzl's dividend payout ratio (DPR) is currently 4,827.59%.

Insider Activity at Bunzl

In other news, insider Jacky Simmonds purchased 1,445 shares of the stock in a transaction on Thursday, August 29th. The stock was bought at an average price of GBX 3,462 ($43.81) per share, for a total transaction of £50,025.90 ($63,299.89). Company insiders own 0.84% of the company's stock.

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.