Frank van Zanten Sells 368 Shares of Bunzl (LON:BNZL) Stock

Bunzl plc (LON:BNZL) insider Frank van Zanten sold 368 shares of the business’s stock in a transaction that occurred on Monday, September 7th. The stock was sold at an average price of GBX 2,662, for a total value of £9,796.16.

Bunzl Price Performance

BNZL traded down GBX 8.60 during trading on Monday, reaching GBX 2,649.40. 983,986 shares of the company traded hands, compared to its average volume of 8,589,977. The company has a debt-to-equity ratio of 95.61, a quick ratio of 0.73 and a current ratio of 1.38. Bunzl plc has a 12-month low of GBX 1,981 and a 12-month high of GBX 2,898. The firm has a fifty day simple moving average of GBX 2,744 and a 200 day simple moving average of GBX 2,482.31. The company has a market cap of £8.51 billion, a P/E ratio of 17.55, a PEG ratio of 5.40 and a beta of 0.32.

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

Analysts Set New Price Targets

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

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.