Bunzl (LON:BNZL) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Bunzl plc (LON:BNZL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,235.46 and traded as high as GBX 2,534. Bunzl shares last traded at GBX 2,493.36, with a volume of 803,385 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a report on Wednesday, April 22nd. Stifel Nicolaus reissued a “hold” rating and set a GBX 2,350 price target on shares of Bunzl in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,200 price target on shares of Bunzl in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of GBX 2,338.

Bunzl Price Performance

The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81. The firm has a market cap of £7.96 billion, a PE ratio of 17.59, a P/E/G ratio of 5.40 and a beta of 0.32. The firm’s fifty day simple moving average is GBX 2,409.11 and its two-hundred day simple moving average is GBX 2,237.16.

Insider Buying and Selling at Bunzl

In related news, insider Frank van Zanten sold 15,000 shares of Bunzl stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total transaction of £359,100. Company insiders own 0.48% 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.