Bunzl (LON:BNZL) Stock Price Crosses Above 200 Day Moving Average of $3,072.64

Bunzl plc (LON:BNZL - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,072.64 ($38.60) and traded as high as GBX 3,114 ($39.12). Bunzl shares last traded at GBX 3,106 ($39.02), with a volume of 561,544 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "buy" rating on shares of Bunzl in a research note on Wednesday, April 24th.

Bunzl Stock Up 0.6 %

The company has a current ratio of 1.40, a quick ratio of 0.73 and a debt-to-equity ratio of 106.68. The business's fifty day moving average price is GBX 3,041.76 and its two-hundred day moving average price is GBX 3,073.41. The firm has a market cap of £10.43 billion, a P/E ratio of 2,016.88, a P/E/G ratio of 5.40 and a beta of 0.47.

Bunzl Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Thursday, May 16th will be issued a dividend of GBX 50.10 ($0.63) per share. This is a positive change from Bunzl's previous dividend of $18.20. This represents a yield of 1.52%. The ex-dividend date is Thursday, May 16th. Bunzl's dividend payout ratio (DPR) is 4,415.58%.

Insiders Place Their Bets

In related news, insider Frank van Zanten sold 24,244 shares of the firm's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($38.46), for a total value of £742,351.28 ($932,484.96). In related news, insider Frank van Zanten sold 24,244 shares of the company's stock in a transaction on Thursday, April 25th. The shares were sold at an average price of GBX 3,062 ($38.46), for a total transaction of £742,351.28 ($932,484.96). Also, insider Richard Howes sold 10,730 shares of Bunzl stock in a transaction on Friday, March 1st. The stock was sold at an average price of GBX 3,105 ($39.00), for a total transaction of £333,166.50 ($418,498.30). Insiders own 0.88% of the company's stock.

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.