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 3,200.82 ($41.56) and traded as high as GBX 3,580 ($46.48). Bunzl shares last traded at GBX 3,556 ($46.17), with a volume of 357,898 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on BNZL. Shore Capital reiterated a "buy" rating on shares of Bunzl in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 3,200 ($41.55) price objective on shares of Bunzl in a research report on Friday, June 28th. Jefferies Financial Group upped their target price on shares of Bunzl from GBX 2,600 ($33.76) to GBX 2,800 ($36.35) and gave the company an "underperform" rating in a report on Thursday, September 5th. Royal Bank of Canada upgraded Bunzl to a "sector perform" rating and lifted their price target for the stock from GBX 2,700 ($35.06) to GBX 3,350 ($43.50) in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. raised their price objective on Bunzl from GBX 3,300 ($42.85) to GBX 3,380 ($43.88) and gave the company a "neutral" rating in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of GBX 3,182.50 ($41.32).
View Our Latest Stock Analysis on Bunzl
Bunzl Price Performance
The stock has a market capitalization of £11.82 billion, a price-to-earnings ratio of 2,442.76, a P/E/G ratio of 5.40 and a beta of 0.45. The company's 50-day simple moving average is GBX 3,455.96 and its 200-day simple moving average is GBX 3,200.82. The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73.
Bunzl Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, November 14th will be given a GBX 20.10 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 0.57%. Bunzl's payout ratio is presently 4,827.59%.
Insider Buying and Selling
In related news, insider Jacky Simmonds purchased 1,445 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was acquired at an average cost of GBX 3,462 ($44.95) per share, for a total transaction of £50,025.90 ($64,951.83). 0.84% of the stock is owned by insiders.
About Bunzl
(
Get Free Report)
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.
Featured Articles
Before you consider Bunzl, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bunzl wasn't on the list.
While Bunzl currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.