Bunzl (LON:BNZL) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of Bunzl plc (LON:BNZL) passed 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.

Analyst Ratings Changes

Several research firms have weighed in on BNZL. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 2,350 price target on shares of Bunzl in a research report on Wednesday, April 22nd. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Bunzl has a consensus rating of “Reduce” and a consensus price target of GBX 2,338.

Bunzl Price Performance

The firm has a market capitalization of £8.01 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 5.40 and a beta of 0.32. The company’s 50 day moving average is GBX 2,405.62 and its 200-day moving average is GBX 2,235.46. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81.

Insider Activity

In other news, insider Frank van Zanten sold 15,000 shares of Bunzl stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of GBX 2,394, for a total transaction of £359,100. 0.48% of the stock is currently owned by 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.