Bunzl (LON:BNZL) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Shares of Bunzl plc (LON:BNZL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,377.77 ($41.65) and traded as high as GBX 3,444 ($42.47). Bunzl shares last traded at GBX 3,426 ($42.24), with a volume of 1,172,096 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BNZL. Citigroup raised shares of Bunzl to a "buy" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. boosted their price target on shares of Bunzl from GBX 3,980 ($49.08) to GBX 4,150 ($51.17) and gave the company an "overweight" rating in a research note on Thursday, December 5th. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 2,800 ($34.53) price target on shares of Bunzl in a research note on Tuesday, December 17th. Finally, Shore Capital reissued a "buy" rating on shares of Bunzl in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Bunzl has an average rating of "Hold" and an average target price of GBX 3,375 ($41.62).

Bunzl Stock Up 0.2 %

The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00. The stock has a market cap of £11.47 billion, a price-to-earnings ratio of 2,368.28, a PEG ratio of 5.40 and a beta of 0.45. The business's fifty day moving average is GBX 3,412.61 and its two-hundred day moving average is GBX 3,377.77.

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.