Bunzl (LON:BNZL) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Bunzl plc (LON:BNZL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,205.55 and traded as high as GBX 2,390. Bunzl shares last traded at GBX 2,390, with a volume of 1,001,108 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BNZL. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,900 target price on shares of Bunzl in a research report on Wednesday, April 22nd. Stifel Nicolaus reiterated a “hold” rating and set a GBX 2,350 target price on shares of Bunzl in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,200 target price on shares of Bunzl in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Bunzl currently has a consensus 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 quick ratio of 0.73 and a current ratio of 1.39. The firm’s 50-day moving average price is GBX 2,350.12 and its two-hundred day moving average price is GBX 2,209.01. The firm has a market capitalization of £7.89 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32.

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

Insider Buying and Selling at Bunzl

In other news, insider Frank van Zanten sold 15,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total value of £359,100. Also, insider Richard Howes bought 8,267 shares of Bunzl stock in a transaction dated Monday, March 16th. The stock was purchased at an average price of GBX 2,299 per share, for a total transaction of £190,058.33. 0.38% 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. 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.