Bunzl (LON:BNZL) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Bunzl shares crossed below their 200‑day moving average, with the 200‑day MA at GBX 2,242.78, an intraday low of GBX 2,154 and a last trade of GBX 2,228 on volume of about 49.34 million shares.
• Analyst sentiment is negative: one Buy, one Hold and two Sell ratings result in a consensus rating of "Reduce" and a consensus target of GBX 2,372.50, while RBC reiterated a "sector perform" rating with a GBX 2,350 target.
• Key fundamentals show a market cap of £7.18bn, P/E of 15.32 and reported quarterly EPS of GBX 179.30, but a high debt‑to‑equity ratio (103.81) and a modest net margin (3.88%) could be risk factors.

Bunzl plc (LON:BNZL - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,242.78 and traded as low as GBX 2,154. Bunzl shares last traded at GBX 2,228, with a volume of 49,337,867 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada restated a "sector perform" rating and set a GBX 2,350 price objective on shares of Bunzl in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Bunzl has a consensus rating of "Reduce" and a consensus target price of GBX 2,372.50.

Bunzl Price Performance

The firm has a market cap of £7.18 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 5.40 and a beta of 0.35. The business has a fifty day simple moving average of GBX 2,106.46 and a 200 day simple moving average of GBX 2,242.78. The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73.

Bunzl (LON:BNZL - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The company reported GBX 179.30 earnings per share (EPS) for the quarter. Bunzl had a return on equity of 17.21% and a net margin of 3.88%. As a group, equities analysts forecast that Bunzl plc will post 213.3413462 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.