Bunzl (LON:BNZL) Rating Reiterated by Shore Capital

Shore Capital reiterated their buy rating on shares of Bunzl (LON:BNZL) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports.

Bunzl Trading Up 1.2 %

Shares of BNZL opened at GBX 3,070 ($37.92) on Wednesday. The firm has a market capitalization of £10.31 billion, a price-to-earnings ratio of 1,993.51, a PEG ratio of 5.40 and a beta of 0.47. The company has a debt-to-equity ratio of 106.68, a current ratio of 1.40 and a quick ratio of 0.73. Bunzl has a 1-year low of GBX 2,680 ($33.10) and a 1-year high of GBX 3,306 ($40.83). The company has a 50-day moving average of GBX 3,059.52 and a 200 day moving average of GBX 3,069.83.

Bunzl Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Thursday, May 16th will be given a dividend of GBX 50.10 ($0.62) per share. This is an increase from Bunzl’s previous dividend of $18.20. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 1.52%. Bunzl’s dividend payout ratio is presently 4,415.58%.

Insider Activity at Bunzl

In other news, insider Frank van Zanten sold 24,244 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of GBX 3,062 ($37.82), for a total value of £742,351.28 ($916,935.87). In other Bunzl news, insider Frank van Zanten sold 24,244 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($37.82), for a total transaction of £742,351.28 ($916,935.87). Also, insider Richard Howes sold 10,730 shares of Bunzl stock in a transaction on Friday, March 1st. The shares were 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 corporate insiders.

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.