Bunzl (LON:BNZL) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Bunzl plc (LON:BNZL - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,225.82 ($41.83) and traded as high as GBX 3,422 ($44.38). Bunzl shares last traded at GBX 3,412 ($44.25), with a volume of 695,825 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BNZL shares. Jefferies Financial Group lifted their price target on Bunzl from GBX 2,600 ($33.72) to GBX 2,800 ($36.31) and gave the company an "underperform" rating in a report on Thursday, September 5th. Royal Bank of Canada raised Bunzl to a "sector perform" rating and lifted their price target for the company from GBX 2,700 ($35.01) to GBX 3,350 ($43.44) in a report on Thursday, August 29th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Bunzl in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 3,182.50 ($41.27).

Bunzl Stock Up 0.4 %

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 firm has a market cap of £11.44 billion, a price-to-earnings ratio of 2,371.03, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The stock's 50 day moving average is GBX 3,503.56 and its 200 day moving average is GBX 3,227.12.

Bunzl Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 14th will be paid a dividend of GBX 20.10 ($0.26) per share. The ex-dividend date is Thursday, November 14th. This represents a dividend yield of 0.57%. Bunzl's dividend payout ratio is presently 4,827.59%.

Insider Activity at Bunzl

In other Bunzl news, insider Jacky Simmonds purchased 1,445 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were purchased at an average price of GBX 3,462 ($44.90) per share, for a total transaction of £50,025.90 ($64,876.02). 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.