Insider Buying: Bunzl (LON:BNZL) Insider Acquires £919,079.80 in Stock

Bunzl plc (LON:BNZL) insider Frank van Zanten purchased 34,946 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were bought at an average cost of GBX 2,630 per share, for a total transaction of £919,079.80.

Frank van Zanten also recently made the following trade(s):

• On Monday, September 7th, Frank van Zanten sold 368 shares of Bunzl stock. The shares were sold at an average price of GBX 2,662, for a total value of £9,796.16.

Bunzl Price Performance

BNZL stock opened at GBX 2,614 on Friday. The company has a market cap of £8.39 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 5.40 and a beta of 0.32. The company has a current ratio of 1.38, a quick ratio of 0.73 and a debt-to-equity ratio of 95.61. The firm has a 50 day moving average of GBX 2,735.57 and a 200-day moving average of GBX 2,512.94. Bunzl plc has a 12-month low of GBX 1,981 and a 12-month high of GBX 2,898.

Bunzl (LON:BNZL) last released its quarterly earnings results on Tuesday, September 1st. The company reported GBX 65.70 EPS for the quarter. Bunzl had a net margin of 4.82% and a return on equity of 20.61%. As a group, equities analysts expect that Bunzl plc will post 213.3413462 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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. 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.