Bunzl (LON:BNZL) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Bunzl plc (LON:BNZL - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,408.96 ($32.21) and traded as high as GBX 2,468 ($33.00). Bunzl shares last traded at GBX 2,462 ($32.92), with a volume of 1,182,958 shares.

Wall Street Analysts Forecast Growth

BNZL has been the topic of a number of recent research reports. UBS Group reissued a "sell" rating and issued a GBX 2,200 target price on shares of Bunzl in a research note on Friday, October 17th. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 2,350 target price on shares of Bunzl in a research note on Thursday, October 9th. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 1,900 target price on shares of Bunzl in a research note on Thursday, October 9th. Finally, Shore Capital reissued a "buy" rating and issued a GBX 3,040 target price on shares of Bunzl in a research note on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Bunzl currently has an average rating of "Hold" and a consensus price target of GBX 2,728.

Bunzl Stock Performance

The stock has a market capitalization of £7.87 billion, a P/E ratio of 16.74, a P/E/G ratio of 5.40 and a beta of 0.45. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00. The business has a fifty day moving average price of GBX 2,432.59 and a 200-day moving average price of GBX 2,408.96.

Bunzl (LON:BNZL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported GBX 77.80 earnings per share (EPS) for the quarter. Bunzl had a return on equity of 16.82% and a net margin of 4.20%. On average, sell-side analysts expect that Bunzl plc will post 213.3413462 EPS for the current year.

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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