Bunzl (LON:BNZL) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Bunzl plc (LON:BNZL)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,502.87 and traded as high as GBX 2,606.50. Bunzl shares last traded at GBX 2,582, with a volume of 1,459,280 shares traded.

Analyst Ratings Changes

BNZL has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,600 price target on shares of Bunzl in a research report on Tuesday, September 1st. JPMorgan Chase & Co. upped their price objective on shares of Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a report on Tuesday, September 1st. Citigroup lifted their target price on shares of Bunzl from £280 to £300 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 3,000 price target on shares of Bunzl in a report on Wednesday, September 2nd. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Bunzl currently has an average rating of “Hold” and a consensus price target of GBX 6,407.14.

Bunzl Stock Up 0.4%

The firm has a market cap of £8.35 billion, a PE ratio of 17.22, a P/E/G ratio of 5.40 and a beta of 0.32. The company has a debt-to-equity ratio of 95.61, a current ratio of 1.38 and a quick ratio of 0.73. The business has a fifty day moving average price of GBX 2,738.13 and a two-hundred day moving average price of GBX 2,506.05.

Bunzl (LON:BNZL) last announced its quarterly earnings data on Tuesday, September 1st. The company reported GBX 65.70 earnings per share (EPS) for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. On average, analysts anticipate that Bunzl plc will post 213.3413462 EPS for the current fiscal year.

Insider Activity

In related news, insider Frank van Zanten sold 368 shares of Bunzl stock in a transaction on Monday, September 7th. The stock was sold at an average price of GBX 2,662, for a total transaction of £9,796.16. Corporate insiders own 0.38% of the company’s stock.

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.