Bunzl (LON:BNZL) Stock Passes Above 200-Day Moving Average – Here’s Why
by Renee Jackson · The Cerbat GemBunzl plc (LON:BNZL – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,203.96 and traded as high as GBX 2,377. Bunzl shares last traded at GBX 2,358, with a volume of 825,962 shares traded.
Analyst Ratings Changes
Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,200 price target on shares of Bunzl in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of GBX 2,335.
Get Our Latest Stock Analysis on BNZL
Bunzl Trading Up 1.2%
The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81. The company has a market cap of £7.57 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 5.40 and a beta of 0.29. The firm has a 50-day moving average price of GBX 2,220.32 and a 200 day moving average price of GBX 2,202.97.
Bunzl (LON:BNZL – Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The company reported GBX 179.30 earnings per share (EPS) for the quarter. Bunzl had a return on equity of 17.21% and a net margin of 5.12%. As a group, sell-side analysts forecast that Bunzl plc will post 213.3413462 EPS for the current year.
Insider Activity at Bunzl
In other Bunzl news, insider Richard Howes purchased 8,267 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average cost of GBX 2,299 per share, with a total value of £190,058.33. Company insiders own 0.38% 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. 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.