Bunzl (LON:BNZL) Insider Sells £9,796.16 in Stock

Bunzl plc (LON:BNZL) insider Frank van Zanten sold 368 shares of the firm’s stock in a transaction that occurred on Monday, September 7th. The shares were sold at an average price of GBX 2,662, for a total value of £9,796.16.

Bunzl Stock Performance

Shares of BNZL stock opened at GBX 2,630 on Thursday. The stock has a fifty day moving average price of GBX 2,744.65 and a 200 day moving average price of GBX 2,493.30. The stock has a market cap of £8.45 billion, a PE ratio of 17.42, a P/E/G ratio of 5.40 and a beta of 0.32. Bunzl plc has a 1 year low of GBX 1,981 and a 1 year high of GBX 2,898. The company has a debt-to-equity ratio of 95.61, a quick ratio of 0.73 and a current ratio of 1.38.

Bunzl (LON:BNZL) last posted its earnings results on Tuesday, September 1st. The company reported GBX 65.70 earnings per share for the quarter. Bunzl had a return on equity of 20.61% and a net margin of 4.82%. Sell-side analysts forecast that Bunzl plc will post 213.3413462 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

About Bunzl

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.