Bunzl (LON:BNZL) Receives "Buy" Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Bunzl (LON:BNZL - Free Report) in a research note published on Wednesday morning, MarketBeat.com reports.

Bunzl Trading Up 1.1 %

BNZL stock traded up GBX 34 ($0.42) during trading on Wednesday, reaching GBX 3,088 ($38.14). The company had a trading volume of 714,654 shares, compared to its average volume of 577,180. The business has a 50 day moving average of GBX 3,067.36 and a 200 day moving average of GBX 3,069.13. The company has a debt-to-equity ratio of 106.68, a current ratio of 1.40 and a quick ratio of 0.73. The company has a market cap of £10.37 billion, a P/E ratio of 2,005.19, a PEG ratio of 5.40 and a beta of 0.47. Bunzl has a 52 week low of GBX 2,680 ($33.10) and a 52 week high of GBX 3,306 ($40.83).

Bunzl Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Thursday, May 16th will be issued a dividend of GBX 50.10 ($0.62) per share. This represents a dividend yield of 1.52%. This is a positive change from Bunzl's previous dividend of $18.20. The ex-dividend date is Thursday, May 16th. Bunzl's dividend payout ratio (DPR) is presently 4,415.58%.

Insider Buying and Selling

In other news, insider Richard Howes sold 10,730 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of GBX 3,105 ($38.35), for a total value of £333,166.50 ($411,519.89). 0.88% 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.