Bunzl (LON:BNZL) Stock Crosses Above 200 Day Moving Average of $3,068.44

Bunzl plc (LON:BNZL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,068.44 ($37.90) and traded as high as GBX 3,074 ($37.97). Bunzl shares last traded at GBX 3,050 ($37.67), with a volume of 688,566 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Bunzl in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 2,875 ($35.51).

Bunzl Stock Up 0.6 %

The company has a current ratio of 1.40, a quick ratio of 0.73 and a debt-to-equity ratio of 106.68. The company has a market capitalization of £10.30 billion, a PE ratio of 1,980.52, a PEG ratio of 5.40 and a beta of 0.47. The business has a fifty day moving average of GBX 3,069.86 and a 200 day moving average of GBX 3,068.44.

Bunzl Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Thursday, May 16th will be paid a GBX 50.10 ($0.62) dividend. This represents a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Bunzl’s previous dividend of $18.20. Bunzl’s dividend payout ratio (DPR) is presently 4,415.58%.

Insider Activity

In other news, insider Richard Howes sold 10,730 shares of Bunzl stock in a transaction dated Friday, March 1st. The stock was sold at an average price of GBX 3,105 ($38.35), for a total value of £333,166.50 ($411,519.89). Company insiders own 0.88% 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.