Bunzl (LON:BNZL) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Bunzl plc (LON:BNZL)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,211.28 and traded as high as GBX 2,266. Bunzl shares last traded at GBX 2,249.23, with a volume of 646,795 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,200 target price on shares of Bunzl in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bunzl has a consensus rating of “Reduce” and a consensus target price of GBX 2,335.

Bunzl Price Performance

The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81. The company has a market capitalization of £7.25 billion, a P/E ratio of 15.47, a P/E/G ratio of 5.40 and a beta of 0.35. The company has a 50 day moving average price of GBX 2,164.14 and a 200 day moving average price of GBX 2,211.28.

Bunzl (LON:BNZL) last posted its quarterly earnings results on Monday, March 2nd. The company reported GBX 179.30 earnings per share for the quarter. Bunzl had a return on equity of 17.21% and a net margin of 5.12%. On average, equities analysts predict that Bunzl plc will post 213.3413462 EPS for the current fiscal year.

Insider Activity at Bunzl

In related news, insider Richard Howes acquired 8,267 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of GBX 2,299 per share, for a total transaction of £190,058.33. 0.47% of the stock is currently owned by corporate insiders.

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.