Bunzl (LON:BNZL) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Bunzl shares rose above their 200-day moving average, reaching GBX 2,606.50 before closing at GBX 2,582, up 0.6% on the day.
• Analyst sentiment remains mixed: ratings include two Buys, three Holds, and two Sells, resulting in a consensus “Hold” rating despite varied price targets.
• The company reported quarterly EPS of GBX 65.70, with a 4.82% net margin and 20.61% return on equity. Insider Frank van Zanten also sold 368 shares worth approximately £9,796.

Bunzl plc (LON:BNZL - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,502.87 and traded as high as GBX 2,606.50. Bunzl shares last traded at GBX 2,582, with a volume of 1,459,280 shares traded.

Wall Street Analysts Forecast Growth

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

Bunzl Trading Up 0.6%

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 stock has a market capitalization of £8.29 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The business has a fifty day simple moving average of GBX 2,739.69 and a 200 day simple moving average of GBX 2,502.87.

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

Insider Activity

In other Bunzl news, insider Frank van Zanten sold 368 shares of Bunzl stock in a transaction dated Monday, September 7th. The stock was sold at an average price of GBX 2,662, for a total value of £9,796.16. Insiders own 0.38% of the company's stock.

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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