Insider Buying: Bunzl plc (BNZL) Insider Buys 899 Shares of Stock
Bunzl plc (LON:BNZL) insider van Zanten,Frank acquired 899 shares of the business’s stock in a transaction on Tuesday, September 20th. The shares were bought at an average price of GBX 992 ($12.95) per share, with a total value of £8,918.08 ($11,640.88).
Bunzl plc (LON:BNZL) traded down 0.61% during mid-day trading on Wednesday, hitting GBX 2289.00. 506,935 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is GBX 2,364.19 and its 200-day moving average price is GBX 2,167.39. Bunzl plc has a 12 month low of GBX 1,700.00 and a 12 month high of GBX 2,587.89. The stock’s market cap is GBX 7.55 billion.
The business also recently announced a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 17th will be given a dividend of GBX 13 ($0.17) per share. This represents a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, November 17th.
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Several brokerages have issued reports on BNZL. JPMorgan Chase & Co. raised their price objective on shares of Bunzl plc from GBX 2,136 ($27.88) to GBX 2,170 ($28.33) and gave the stock a “neutral” rating in a research report on Thursday, June 30th. Beaufort Securities restated a “buy” rating on shares of Bunzl plc in a research report on Thursday, June 30th. Barclays PLC restated an “equal weight” rating and set a GBX 2,450 ($31.98) price objective on shares of Bunzl plc in a research report on Wednesday, August 31st. Jefferies Group reiterated a “hold” rating and issued a GBX 1,800 ($23.50) price target on shares of Bunzl plc in a research report on Thursday, August 25th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 2,100 ($27.41) price target (up from GBX 1,780 ($23.23)) on shares of Bunzl plc in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 2,243.07 ($29.28).
Bunzl plc Company Profile
Bunzl plc is engaged in the distribution and outsourcing service. The Company supplies a range of sourced non-food products to a range of market sectors in approximately 30 countries. The Company’s segments include North America, Continental Europe, the United Kingdom & Ireland, and Rest of the World.
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