Bunzl plc (BNZL) Trading Up 0% on Insider Buying Activity
Bunzl plc (LON:BNZL)’s share price was up 0% on Monday after an insider bought additional shares in the company. The company traded as high as GBX 21.54 ($0.28) and last traded at GBX 2,190 ($28.80). Approximately 950,346 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 976,777 shares. The stock had previously closed at GBX 2,190 ($28.80).
Specifically, insider Charles Paul Budge sold 16,400 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of GBX 2,301 ($30.26), for a total transaction of £377,364 ($496,335.66). Also, insider Lloyd Pitchford acquired 3,000 shares of the stock in a transaction dated Friday, September 22nd. The shares were purchased at an average cost of GBX 2,205 ($29.00) per share, with a total value of £66,150 ($87,005.13).
Several brokerages have recently commented on BNZL. Shore Capital raised shares of Bunzl plc to a “buy” rating in a research note on Tuesday, November 7th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 2,505 ($32.95) price objective on shares of Bunzl plc in a research note on Monday, July 24th. Deutsche Bank AG upped their price objective on shares of Bunzl plc from GBX 2,575 ($33.87) to GBX 2,590 ($34.07) and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Jefferies Group LLC downgraded shares of Bunzl plc to an “underperform” rating and set a GBX 2,000 ($26.31) price objective for the company. in a research note on Thursday, September 28th. Finally, Berenberg Bank started coverage on shares of Bunzl plc in a research note on Friday. They issued a “hold” rating and a GBX 2,250 ($29.59) price target for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,321.40 ($30.53).
The firm also recently disclosed a dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 16th will be issued a GBX 14 ($0.18) dividend. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, November 16th.
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Bunzl plc Company Profile
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