Bunzl's (BNZL) "Sell" Rating Reaffirmed at UBS Group

Key Points

• UBS Group has reiterated a "sell" rating on Bunzl's stock and set a target price of GBX 2,200 ($29.77), indicating a potential downside of 3.51% from its previous close.
• In contrast, Shore Capital maintains a "buy" rating for Bunzl, with a consensus rating of "Hold" and an average target price of GBX 3,125 ($42.28) among analysts.
• Insiders at Bunzl have aggressively purchased shares recently, with total acquisitions of 15,132 shares valued at approximately $34.9 million in the last quarter.

Bunzl (LON:BNZL - Get Free Report)'s stock had its "sell" rating restated by research analysts at UBS Group in a research report issued to clients and investors on Friday,Digital Look reports. They presently have a GBX 2,200 ($29.77) target price on the stock. UBS Group's target price indicates a potential downside of 3.51% from the company's previous close.

Separately, Shore Capital reaffirmed a "buy" rating on shares of Bunzl in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of GBX 3,125 ($42.28).

Bunzl Trading Up 0.2%

Shares of BNZL traded up GBX 4 ($0.05) during mid-day trading on Friday, reaching GBX 2,280 ($30.85). The company had a trading volume of 720,022 shares, compared to its average volume of 1,715,370. The stock has a market cap of £7.46 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The firm has a fifty day simple moving average of GBX 2,294.71 and a 200-day simple moving average of GBX 2,669.20. Bunzl has a fifty-two week low of GBX 2,210 ($29.90) and a fifty-two week high of GBX 3,732 ($50.49). The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00.

Insider Buying and Selling at Bunzl

In other Bunzl news, insider Jacky Simmonds bought 2,200 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was bought at an average cost of GBX 2,328 ($31.50) per share, with a total value of £51,216 ($69,295.09). Also, insider Peter Ventress bought 4,289 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was acquired at an average cost of GBX 2,319 ($31.38) per share, with a total value of £99,461.91 ($134,571.65). In the last quarter, insiders have purchased 15,132 shares of company stock worth $34,939,160. 0.84% of the stock is currently owned by company insiders.

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.

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