Bunzl plc (LON:BNZL) insider Peter Ventress acquired 2,608 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average cost of GBX 2,160 ($26.58) per share, with a total value of £56,332.80 ($69,324.14).

LON:BNZL opened at GBX 2,162 ($26.61) on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.34 and a debt-to-equity ratio of 134.59. The company has a market capitalization of $7.22 billion and a PE ratio of 20.69. The stock’s 50 day moving average price is GBX 1,935.80 and its 200 day moving average price is GBX 1,878.73. Bunzl plc has a 52-week low of GBX 1,242 ($15.28) and a 52-week high of GBX 2,199 ($27.06).

A number of research firms have commented on BNZL. Credit Suisse Group cut shares of Bunzl to an “underperform” rating and decreased their target price for the company from GBX 2,000 ($24.61) to GBX 1,195 ($14.71) in a research report on Friday, March 20th. Berenberg Bank upped their price objective on shares of Bunzl from GBX 1,550 ($19.07) to GBX 2,250 ($27.69) and gave the stock a “hold” rating in a report on Thursday, June 25th. Barclays increased their price objective on shares of Bunzl from GBX 2,000 ($24.61) to GBX 2,350 ($28.92) and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Goldman Sachs Group boosted their target price on Bunzl from GBX 2,350 ($28.92) to GBX 2,500 ($30.77) and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, HSBC decreased their price target on Bunzl from GBX 2,450 ($30.15) to GBX 1,780 ($21.90) and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 1,980.83 ($24.38).

About Bunzl

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.

See Also: Return on Equity (ROE)

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