Bunzl (LON:BNZL) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Bunzl plc (LON:BNZL) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,205.55 and traded as high as GBX 2,390. Bunzl shares last traded at GBX 2,390, with a volume of 1,001,108 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on BNZL. Stifel Nicolaus restated 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 restated an “underperform” rating and set a GBX 1,900 price target on shares of Bunzl in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada restated 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 given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of GBX 2,338.

Bunzl Trading Up 4.7%

The company’s 50-day moving average price is GBX 2,339.76 and its 200-day moving average price is GBX 2,205.55. The firm has a market cap of £7.67 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81.

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

Insider Activity

In other news, insider Frank van Zanten sold 15,000 shares of Bunzl stock in a transaction dated Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total value of £359,100. Also, insider Richard Howes bought 8,267 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was bought at an average price of GBX 2,299 per share, for a total transaction of £190,058.33. 0.38% 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. 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.