Bunzl (LON:BNZL) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Bunzl plc (LON:BNZL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,340.03 and traded as high as GBX 2,770. Bunzl shares last traded at GBX 2,768, with a volume of 477,428 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently commented on BNZL. JPMorgan Chase & Co. increased their price objective on Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research note on Tuesday, June 23rd. Citigroup upped their target price on shares of Bunzl from £280 to £300 and gave the company a “buy” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,950 price target on shares of Bunzl in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada lifted their price target on shares of Bunzl from GBX 2,200 to GBX 2,600 and gave the stock a “sector perform” rating in a report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 5,956.25.

Bunzl Price Performance

The company has a fifty day simple moving average of GBX 2,565.55 and a two-hundred day simple moving average of GBX 2,340.03. The company has a debt-to-equity ratio of 103.81, a quick ratio of 0.73 and a current ratio of 1.39. The company has a market capitalization of £8.89 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 5.40 and a beta of 0.32.

Insider Activity

In other news, insider Frank van Zanten sold 15,000 shares of Bunzl stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 2,394, for a total value of £359,100. 0.38% of the stock is owned by company 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.