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

Bunzl plc (LON:BNZL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,211.28 and traded as high as GBX 2,266. Bunzl shares last traded at GBX 2,249.23, with a volume of 646,795 shares.

Analysts Set New Price Targets

Separately, 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. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of GBX 2,335.

Bunzl Stock Up 0.1%

The firm’s 50-day moving average price is GBX 2,167.43 and its two-hundred day moving average price is GBX 2,211.59. The company has a debt-to-equity ratio of 103.81, a quick ratio of 0.73 and a current ratio of 1.39. The firm has a market cap of £7.27 billion, a PE ratio of 15.52, a P/E/G ratio of 5.40 and a beta of 0.35.

Bunzl (LON:BNZL) last posted its earnings results on Monday, March 2nd. The company reported GBX 179.30 EPS for the quarter. Bunzl had a net margin of 5.12% and a return on equity of 17.21%. As a group, equities research analysts expect that Bunzl plc will post 213.3413462 EPS for the current fiscal year.

Insider Activity

In other news, insider Richard Howes bought 8,267 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average price of GBX 2,299 per share, for a total transaction of £190,058.33. Insiders own 0.47% 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.