Bunzl (LON:BNZL) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Bunzl plc (LON:BNZL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,198.23 and traded as high as GBX 2,350. Bunzl shares last traded at GBX 2,320, with a volume of 166,023,688 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating and set a GBX 2,350 price objective on shares of Bunzl in a research report on Wednesday, April 22nd. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,200 price target on shares of Bunzl in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of GBX 2,338.

Bunzl Stock Performance

The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73. The firm has a fifty day simple moving average of GBX 2,307.04 and a 200 day simple moving average of GBX 2,198.23. The company has a market cap of £7.45 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 5.40 and a beta of 0.32.

Bunzl (LON:BNZL) last released its quarterly earnings results on Monday, March 2nd. The company reported GBX 179.30 earnings per share (EPS) for the quarter. Bunzl had a net margin of 5.12% and a return on equity of 17.21%. On average, sell-side analysts expect that Bunzl plc will post 213.3413462 earnings per share for the current fiscal year.

Insider Activity at Bunzl

In other Bunzl news, insider Richard Howes acquired 8,267 shares of Bunzl stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of GBX 2,299 per share, with a total value of £190,058.33. Also, insider Frank van Zanten sold 15,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 2,394, for a total transaction of £359,100. 0.38% of the stock is owned by corporate 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. It also provides food packaging, disposable tableware, guest amenities, catering equipment, agricultural supplies, cleaning and hygiene products, and safety items to hotels, restaurants, contract caterers, food processors, commercial growers, and the leisure sector; and gloves, boots, hard hats, ear and eye protection, and other workwear, as well as cleaning and hygiene supplies, and asset protection products to industrial and construction, and ecommerce sectors.