Bunzl (LON:BNZL) Hits New 12-Month Low - Here's What Happened

Bunzl plc (LON:BNZL - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 2,218 ($30.10) and last traded at GBX 2,230.87 ($30.27), with a volume of 1944934 shares trading hands. The stock had previously closed at GBX 2,302 ($31.24).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "buy" rating on shares of Bunzl in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 3,375 ($45.80).

Bunzl Price Performance

The business has a fifty day simple moving average of GBX 2,449.40 and a two-hundred day simple moving average of GBX 2,992.74. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. The stock has a market cap of £7.30 billion, a PE ratio of 15.42, a P/E/G ratio of 5.40 and a beta of 0.45.

Insiders Place Their Bets

In other Bunzl news, insider Richard Howes acquired 8,479 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were acquired at an average cost of GBX 2,338 ($31.73) per share, with a total value of £198,239.02 ($269,017.53). Also, insider Daniela Barone Soares acquired 431 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average cost of GBX 2,307 ($31.31) per share, for a total transaction of £9,943.17 ($13,493.24). Company insiders own 0.84% 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.

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