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

Key Points

• Bunzl plc shares have surpassed their two hundred-day moving average, trading at GBX 2,432.94 ($32.45) with a peak of GBX 2,456 ($32.76) during recent trades.
• Analysts have mixed ratings on the stock, with three designating it as a "Buy," while others have issued "Sell" and "Hold" ratings, resulting in a consensus rating of "Hold" and an average target price of GBX 2,728.
• Bunzl reported a quarterly earnings per share (EPS) of GBX 77.80 with a projected EPS of 213.34 for the current year, indicating potential growth in profitability.

Shares of Bunzl plc (LON:BNZL - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,428.50 ($32.39) and traded as high as GBX 2,456 ($32.76). Bunzl shares last traded at GBX 2,432.94 ($32.45), with a volume of 1,062,117 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BNZL. UBS Group reiterated a "sell" rating and issued a GBX 2,200 target price on shares of Bunzl in a report on Friday, August 15th. Shore Capital reaffirmed a "buy" rating and set a GBX 3,040 target price on shares of Bunzl in a research report on Tuesday, August 26th. Jefferies Financial Group reaffirmed an "underperform" rating and set a GBX 1,900 target price on shares of Bunzl in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 2,350 target price on shares of Bunzl in a research report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 2,728.

Bunzl Price Performance

The business has a 50 day simple moving average of GBX 2,411.82 and a 200-day simple moving average of GBX 2,428.50. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The stock has a market cap of £7.86 billion, a P/E ratio of 1,673.28, a P/E/G ratio of 5.40 and a beta of 0.45.

Bunzl (LON:BNZL - Get Free Report) last posted 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 forecast that Bunzl plc will post 213.3413462 EPS for the current 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.

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