Bunzl (LON:BNZL) Hits New 52-Week Low – Time to Sell?

Bunzl plc (LON:BNZL) hit a new 52-week low on Tuesday . The stock traded as low as GBX 2,218 ($30.10) and last traded at GBX 2,230.87 ($30.27), with a volume of 1944934 shares traded. The stock had previously closed at GBX 2,302 ($31.24).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 3,375 ($45.80).

Bunzl Trading Down 3.1%

The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The company has a 50 day moving average of GBX 2,449.40 and a two-hundred day moving average of GBX 2,992.74. The stock has a market cap of £7.30 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

Insiders Place Their Bets

In other news, insider Daniela Barone Soares purchased 431 shares of the firm’s stock in a transaction on Monday, April 28th. The shares were bought at an average cost of GBX 2,307 ($31.31) per share, for a total transaction of £9,943.17 ($13,493.24). Also, insider Richard Howes acquired 8,479 shares of the business’s stock in a transaction dated Wednesday, April 16th. The shares were bought at an average cost of GBX 2,338 ($31.73) per share, for a total transaction of £198,239.02 ($269,017.53). 0.84% of the stock is owned by company 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.