Bunzl (LON:BNZL) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

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 3,404.90 ($42.57) and traded as high as GBX 3,442 ($43.03). Bunzl shares last traded at GBX 3,430 ($42.88), with a volume of 495,168 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Shore Capital restated a “buy” rating on shares of Bunzl in a report on Thursday, December 19th. Jefferies Financial Group restated an “underperform” rating and set a GBX 2,800 ($35.00) target price on shares of Bunzl in a report on Tuesday, December 17th. Citigroup upgraded shares of Bunzl to a “buy” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Bunzl from GBX 3,980 ($49.76) to GBX 4,150 ($51.88) and gave the stock an “overweight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 3,375 ($42.19).

Bunzl Trading Up 0.0 %

The business’s 50 day moving average price is GBX 3,404.57 and its 200-day moving average price is GBX 3,404.90. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. The company has a market cap of £11.46 billion, a price-to-earnings ratio of 2,365.53, a PEG ratio of 5.40 and a beta of 0.45.

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.