Bunzl plc (BNZL) Trading Up 1% on Insider Buying Activity
Bunzl plc (LON:BNZL) was up 1% during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 2,243 ($30.16) and last traded at GBX 2,230 ($29.99). Approximately 606,025 shares traded hands during trading, a decline of 11% from the average daily volume of 678,282 shares. The stock had previously closed at GBX 2,208 ($29.69).
Specifically, insider Lloyd Pitchford purchased 3,000 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were bought at an average price of GBX 2,205 ($29.65) per share, with a total value of £66,150 ($88,959.12).
A number of research firms have recently issued reports on BNZL. HSBC Holdings plc lowered Bunzl plc to a “hold” rating and set a GBX 2,508 ($33.73) target price on the stock. in a report on Thursday, June 1st. Barclays PLC reissued an “overweight” rating and issued a GBX 2,600 ($34.97) target price (up previously from GBX 2,550 ($34.29)) on shares of Bunzl plc in a report on Thursday, June 15th. Deutsche Bank AG boosted their target price on Bunzl plc from GBX 2,535 ($34.09) to GBX 2,575 ($34.63) and gave the company a “buy” rating in a report on Thursday, June 29th. Shore Capital reissued a “hold” rating on shares of Bunzl plc in a report on Tuesday, August 29th. Finally, Beaufort Securities reissued a “hold” rating on shares of Bunzl plc in a report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 2,324.30 ($31.26).
The company’s market capitalization is GBX 7.35 billion. The firm has a 50-day moving average price of GBX 2,291.86 and a 200-day moving average price of GBX 2,334.78.
The company also recently declared a dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 16th will be paid a dividend of GBX 14 ($0.19) per share. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, November 16th.
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Bunzl plc Company Profile
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