Bunzl (LON:BNZL) Stock Price Up 4.7% – Still a Buy?

Bunzl plc (LON:BNZL) shares traded up 4.7% during trading on Tuesday . The stock traded as high as GBX 2,607 and last traded at GBX 2,581.02. Approximately 2,889,612 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 8,957,160 shares. The stock had previously closed at GBX 2,464.

Analyst Ratings Changes

A number of research analysts have weighed in on BNZL shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,950 target price on shares of Bunzl in a report on Wednesday. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a research note on Tuesday. 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. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,200 price objective on shares of Bunzl in a report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the company an “overweight” rating in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 5,906.25.

Bunzl Stock Performance

The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73. The business has a 50 day moving average price of GBX 2,422.90 and a 200 day moving average price of GBX 2,246.14. The stock has a market capitalization of £8.57 billion, a PE ratio of 18.94, a PEG ratio of 5.40 and a beta of 0.32.

Insider Buying and Selling

In related news, insider Frank van Zanten sold 15,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of GBX 2,394, for a total transaction of £359,100. Company insiders own 0.48% of the company’s stock.

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.