Bunzl (LON:BNZL) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Bunzl shares have crossed above their 200-day moving average
• Analyst sentiment is mixed-to-negative: one Buy, two Hold and two Sell ratings yield a consensus "Reduce" with a target price of GBX 2,338, below the current share price.
• Insider Richard Howes bought 8,267 shares at GBX 2,299, while Bunzl has a market cap of £7.70 billion and a P/E of 17.03, suggesting modest valuation metrics amid low stock volatility (beta 0.29).

Shares of Bunzl plc (LON:BNZL - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,201.62 and traded as high as GBX 2,426. Bunzl shares last traded at GBX 2,408, with a volume of 958,540 shares.

Analysts Set New Price Targets

A number of research firms recently commented on BNZL. Jefferies Financial Group reiterated an "underperform" rating and issued a GBX 1,900 price target on shares of Bunzl in a research note on Wednesday, April 22nd. Stifel Nicolaus reiterated a "hold" rating and issued a GBX 2,350 price target on shares of Bunzl in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a GBX 2,200 price objective on shares of Bunzl in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of GBX 2,338.

Bunzl Stock Down 0.0%

The firm has a market cap of £7.70 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 5.40 and a beta of 0.29. The stock has a 50-day moving average of GBX 2,262.75 and a 200-day moving average of GBX 2,201.62. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81.

Bunzl (LON:BNZL - Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported GBX 179.30 earnings per share for the quarter. Bunzl had a return on equity of 17.21% and a net margin of 5.12%. As a group, sell-side analysts forecast that Bunzl plc will post 213.3413462 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Richard Howes purchased 8,267 shares of the company's stock in a transaction on Monday, March 16th. The shares were bought at an average price of GBX 2,299 per share, for a total transaction of £190,058.33. Company insiders own 0.38% 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. 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.

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