Bunzl (LON:BNZL) Stock Crosses Above 200 Day Moving Average of $3,068.44

Shares of Bunzl plc (LON:BNZL) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,068.44 ($37.90) and traded as high as GBX 3,074 ($37.97). Bunzl shares last traded at GBX 3,050 ($37.67), with a volume of 688,566 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Bunzl in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 2,875 ($35.51).

Bunzl Trading Up 0.6 %

The business has a 50 day simple moving average of GBX 3,069.86 and a two-hundred day simple moving average of GBX 3,068.44. The company has a current ratio of 1.40, a quick ratio of 0.73 and a debt-to-equity ratio of 106.68. The stock has a market cap of £10.30 billion, a price-to-earnings ratio of 1,980.52, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47.

Bunzl Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Thursday, May 16th will be paid a dividend of GBX 50.10 ($0.62) per share. This represents a yield of 1.52%. The ex-dividend date is Thursday, May 16th. This is a positive change from Bunzl’s previous dividend of $18.20. Bunzl’s dividend payout ratio (DPR) is 4,415.58%.

Insider Buying and Selling at Bunzl

In other Bunzl news, insider Richard Howes sold 10,730 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of GBX 3,105 ($38.35), for a total transaction of £333,166.50 ($411,519.89). 0.88% of the stock is owned by insiders.

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.