Bunzl (LON:BNZL) Insider Sells 368 Shares of Stock

Key Points

• Insider sale: Bunzl insider Frank van Zanten sold 368 shares at an average price of GBX 2,662, generating approximately £9,796.
• Stock performance: Bunzl shares fell 0.3% to GBX 2,649.40, while the company reported quarterly EPS of GBX 65.70 and maintains a market capitalization of about £8.51 billion.
• Analyst outlook: Ratings remain mixed, resulting in a consensus “Hold” recommendation, with price targets ranging from GBX 1,900 to GBX 3,000.

Bunzl plc (LON:BNZL - Get Free Report) insider Frank van Zanten sold 368 shares of the company's stock in a transaction that occurred on Monday, September 7th. The stock was sold at an average price of GBX 2,662, for a total value of £9,796.16.

Bunzl Stock Down 0.3%

Shares of LON:BNZL traded down GBX 8.60 during trading on Monday, hitting GBX 2,649.40. The stock had a trading volume of 983,986 shares, compared to its average volume of 8,589,977. The company has a market capitalization of £8.51 billion, a PE ratio of 17.55, a PEG ratio of 5.40 and a beta of 0.32. The company has a quick ratio of 0.73, a current ratio of 1.38 and a debt-to-equity ratio of 95.61. The firm's fifty day moving average is GBX 2,744 and its 200 day moving average is GBX 2,482.31. Bunzl plc has a 12 month low of GBX 1,981 and a 12 month high of GBX 2,898.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Bunzl from GBX 2,610 to GBX 2,800 and gave the company an "overweight" rating in a research note on Wednesday, September 2nd. Citigroup raised their price objective on Bunzl from £280 to £300 and gave the company a "buy" rating in a research report on Thursday, June 25th. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 1,900 price objective on shares of Bunzl in a research note 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 report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 3,000 price objective on shares of Bunzl in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Bunzl has a consensus rating of "Hold" and a consensus price target of GBX 6,407.14.

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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