Bunzl (LON:BNZL) Insider Frank van Zanten Purchases 34,946 Shares

Key Points

• Insider purchase: Bunzl director Frank van Zanten bought 34,946 shares at GBX 2,630 each, investing approximately £919,080. He had sold 368 shares earlier in the month.
• Stock performance: Bunzl shares rose 1.5% to GBX 2,638, with a market capitalization of approximately £8.47 billion. The stock has traded between GBX 1,981 and GBX 2,898 over the past year.
• Analyst outlook: Analysts remain divided, with ratings ranging from buy to sell; MarketBeat reports a consensus rating of Hold.

Bunzl plc (LON:BNZL - Get Free Report) insider Frank van Zanten acquired 34,946 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was acquired at an average price of GBX 2,630 per share, for a total transaction of £919,079.80.

Frank van Zanten also recently made the following trade(s):

• On Monday, September 7th, Frank van Zanten sold 368 shares of Bunzl stock. The stock was sold at an average price of GBX 2,662, for a total transaction of £9,796.16.

Bunzl Trading Up 1.5%

Shares of LON BNZL traded up GBX 38 during trading hours on Thursday, hitting GBX 2,638. The company's stock had a trading volume of 1,566,374 shares, compared to its average volume of 8,690,134. Bunzl plc has a 12 month low of GBX 1,981 and a 12 month high of GBX 2,898. The stock has a market cap of £8.47 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 5.40 and a beta of 0.32. The company has a debt-to-equity ratio of 95.61, a quick ratio of 0.73 and a current ratio of 1.38. The business has a 50-day simple moving average of GBX 2,737.25 and a 200-day simple moving average of GBX 2,509.10.

Bunzl (LON:BNZL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The company reported GBX 65.70 EPS for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. On average, analysts anticipate that Bunzl plc will post 213.3413462 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BNZL has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 1,900 target price on shares of Bunzl in a report on Tuesday, September 1st. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 2,600 price target on shares of Bunzl in a research report on Tuesday, September 1st. Citigroup upped their price target on Bunzl from £280 to £300 and gave the stock a "buy" rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 3,000 price objective on shares of Bunzl in a report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Bunzl from GBX 2,610 to GBX 2,800 and gave the company an "overweight" rating in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 6,407.14.

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. 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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