Shore Capital Reaffirms "Buy" Rating for Bunzl (LON:BNZL)

Bunzl (LON:BNZL - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Shore Capital in a report issued on Tuesday, Marketbeat Ratings reports.

Separately, Citigroup raised shares of Bunzl to a "buy" rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of GBX 3,375 ($44.80).

Bunzl Trading Up 2.6 %

BNZL stock traded up GBX 60 ($0.80) during midday trading on Tuesday, hitting GBX 2,380 ($31.59). The stock had a trading volume of 2,131,991 shares, compared to its average volume of 2,364,195. 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 firm has a market cap of £7.78 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The business has a fifty day moving average price of GBX 2,835.78 and a two-hundred day moving average price of GBX 3,227.03. Bunzl has a 1-year low of GBX 2,218 ($29.44) and a 1-year high of GBX 3,732 ($49.54).

Bunzl (LON:BNZL - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The company reported GBX 194.30 ($2.58) earnings per share for the quarter. Bunzl had a net margin of 4.20% and a return on equity of 16.82%. On average, sell-side analysts predict that Bunzl will post 213.3413462 earnings per share for the current fiscal year.

Insider Transactions at Bunzl

In other news, insider Richard Howes purchased 8,479 shares of the company's stock in a transaction dated Wednesday, April 16th. The shares were purchased at an average price of GBX 2,338 ($31.03) per share, with a total value of £198,239.02 ($263,125.86). Also, insider Daniela Barone Soares acquired 431 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of GBX 2,307 ($30.62) per share, for a total transaction of £9,943.17 ($13,197.73). Insiders have acquired 12,910 shares of company stock worth $32,966,219 in the last 90 days. Insiders own 0.84% of the company's stock.

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.