Bunzl (LON:BNZL) Stock Crosses Above 200-Day Moving Average of $2,083.63
Bunzl plc (LON:BNZL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2,083.63 and traded as high as $2,135.00. Bunzl shares last traded at $2,129.00, with a volume of 387,141 shares.
BNZL has been the topic of several recent research reports. UBS Group reaffirmed a “neutral” rating on shares of Bunzl in a report on Monday, August 26th. Deutsche Bank reissued a “buy” rating on shares of Bunzl in a research note on Tuesday, October 22nd. Berenberg Bank lifted their price objective on Bunzl from GBX 2,250 ($29.40) to GBX 2,350 ($30.71) and gave the stock a “hold” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. reduced their target price on Bunzl from GBX 2,490 ($32.54) to GBX 2,410 ($31.49) and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Finally, Goldman Sachs Group lowered their target price on Bunzl from GBX 2,700 ($35.28) to GBX 2,500 ($32.67) and set a “buy” rating on the stock in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 2,232.50 ($29.17).
The firm’s 50 day moving average is GBX 2,037.82 and its two-hundred day moving average is GBX 2,083.78. The stock has a market cap of $7.17 billion and a price-to-earnings ratio of 21.44. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 155.46.
Bunzl Company Profile (LON:BNZL)
Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.
Recommended Story: What is a front-end load?
Receive News & Ratings for Bunzl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunzl and related companies with MarketBeat.com's FREE daily email newsletter.