Bunzl plc (LON:BNZL) Announces Dividend of GBX 20.10

Bunzl plc (LON:BNZL - Get Free Report) declared a dividend on Tuesday, August 27th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 14th will be given a dividend of GBX 20.10 ($0.26) per share on Friday, January 3rd. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, November 14th. The official announcement can be accessed at this link.

Bunzl Trading Down 0.4 %

LON BNZL traded down GBX 14 ($0.18) on Tuesday, reaching GBX 3,462 ($44.55). The company had a trading volume of 472,696 shares, compared to its average volume of 913,700. 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 business has a 50 day moving average of GBX 3,533.44 and a two-hundred day moving average of GBX 3,250.04. Bunzl has a fifty-two week low of GBX 2,871 ($36.95) and a fifty-two week high of GBX 3,732 ($48.02). The firm has a market cap of £11.56 billion, a price-to-earnings ratio of 2,386.21, a P/E/G ratio of 5.40 and a beta of 0.45.

Wall Street Analysts Forecast Growth

BNZL has been the subject of several recent research reports. Shore Capital reissued a "buy" rating on shares of Bunzl in a research note on Thursday, October 24th. Royal Bank of Canada raised shares of Bunzl to a "sector perform" rating and increased their price objective for the stock from GBX 2,700 ($34.74) to GBX 3,350 ($43.11) in a research note on Thursday, August 29th. Finally, Jefferies Financial Group raised their target price on shares of Bunzl from GBX 2,600 ($33.46) to GBX 2,800 ($36.03) and gave the stock an "underperform" rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 3,182.50 ($40.95).

Insiders Place Their Bets

In other Bunzl news, insider Jacky Simmonds purchased 1,445 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was acquired at an average cost of GBX 3,462 ($44.55) per share, with a total value of £50,025.90 ($64,375.11). 0.84% of the stock is currently owned by insiders.

About Bunzl

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.