Shore Capital Reaffirms “Buy” Rating for Bunzl (LON:BNZL)

Shore Capital restated their buy rating on shares of Bunzl (LON:BNZL) in a research note released on Wednesday morning, Marketbeat.com reports.

Bunzl Stock Down 1.0 %

Shares of LON:BNZL opened at GBX 3,056 ($37.75) on Wednesday. The company has a fifty day moving average of GBX 3,067.36 and a 200-day moving average of GBX 3,069.13. The company has a market capitalization of £10.26 billion, a PE ratio of 2,005.19, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47. The company has a debt-to-equity ratio of 106.68, a quick ratio of 0.73 and a current ratio of 1.40. Bunzl has a 52-week low of GBX 2,680 ($33.10) and a 52-week high of GBX 3,306 ($40.83).

Bunzl Increases Dividend

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

Insider Activity at Bunzl

In related news, insider Richard Howes sold 10,730 shares of the stock in a transaction on Friday, March 1st. The stock was 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 company 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.