Insider Selling: Bunzl plc (BNZL) Insider Sells £388,790 in Stock
Bunzl plc (LON:BNZL) insider Paul Budge,Charles sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of GBX 2,287 ($29.85), for a total transaction of £388,790 ($507,492.49).
Bunzl plc (LON:BNZL) opened at 2306.00 on Tuesday. Bunzl plc has a 52 week low of GBX 1,700.00 and a 52 week high of GBX 2,587.89. The company has a 50-day moving average of GBX 2,365.89 and a 200-day moving average of GBX 2,164.93. The stock’s market cap is GBX 7.61 billion.
The business also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 17th will be paid a dividend of GBX 13 ($0.17) per share. This represents a dividend yield of 0.55%. The ex-dividend date is Thursday, November 17th.
A number of brokerages have weighed in on BNZL. BNP Paribas reiterated a “neutral” rating and set a GBX 2,350 ($30.67) price target on shares of Bunzl plc in a research report on Monday, July 11th. Barclays PLC reiterated an “equal weight” rating and set a GBX 2,000 ($26.11) price target on shares of Bunzl plc in a research report on Thursday, June 30th. Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 1,700 ($22.19) price target on shares of Bunzl plc in a research report on Thursday, June 30th. JPMorgan Chase & Co. lifted their price target on shares of Bunzl plc from GBX 2,136 ($27.88) to GBX 2,170 ($28.33) and gave the company a “neutral” rating in a research report on Thursday, June 30th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,100 ($27.41) price target on shares of Bunzl plc in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 2,243.07 ($29.28).
About Bunzl plc
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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