Bunzl plc (LON:BNZL) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Bunzl plc (LON:BNZL - Get Free Report) have received an average recommendation of "Hold" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 3,375 ($45.69).

Separately, Shore Capital restated a "buy" rating on shares of Bunzl in a research report on Tuesday, April 29th.

Insider Buying and Selling at Bunzl

In related news, insider Daniela Barone Soares purchased 431 shares of the business's stock in a transaction on Monday, April 28th. The stock was acquired at an average price of GBX 2,307 ($31.23) per share, with a total value of £9,943.17 ($13,460.36). Also, insider Richard Howes purchased 8,479 shares of the business's stock in a transaction on Wednesday, April 16th. The stock was bought at an average cost of GBX 2,338 ($31.65) per share, with a total value of £198,239.02 ($268,362.01). Insiders have acquired a total of 12,910 shares of company stock valued at $32,966,219 in the last 90 days. Corporate insiders own 0.84% of the company's stock.

Bunzl Stock Performance

Shares of LON BNZL traded down GBX 42 ($0.57) during midday trading on Friday, hitting GBX 2,376 ($32.16). The company's stock had a trading volume of 699,014 shares, compared to its average volume of 2,209,101. The firm has a market capitalization of £7.77 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 5.40 and a beta of 0.45. 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 fifty day moving average price of GBX 2,654.65 and a 200 day moving average price of GBX 3,118.69. Bunzl has a one year low of GBX 2,218 ($30.03) and a one year high of GBX 3,732 ($50.52).

Bunzl (LON:BNZL - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported GBX 194.30 ($2.63) 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, research analysts forecast that Bunzl will post 213.3413462 EPS for the current fiscal year.

Bunzl Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, May 22nd will be given a dividend of GBX 53.80 ($0.73) per share. This represents a yield of 1.8%. This is a boost from Bunzl's previous dividend of $20.10. The ex-dividend date is Thursday, May 22nd. Bunzl's payout ratio is presently 48.39%.

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.