Bunzl (LON:BNZL) Earns “Sell” Rating from UBS Group

Bunzl (LON:BNZL)‘s stock had its “sell” rating reissued by equities researchers at UBS Group in a report released on Friday, MarketBeat Ratings reports. They presently have a GBX 2,200 ($29.82) price objective on the stock. UBS Group’s target price indicates a potential downside of 3.51% from the stock’s previous close.

Separately, Shore Capital reissued a “buy” rating on shares of Bunzl in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 3,125 ($42.36).

Bunzl Stock Performance

Shares of Bunzl stock opened at GBX 2,280 ($30.90) on Friday. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. The business’s fifty day simple moving average is GBX 2,294.80 and its 200 day simple moving average is GBX 2,661.50. The firm has a market capitalization of £7.46 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. Bunzl has a 12 month low of GBX 2,210 ($29.95) and a 12 month high of GBX 3,732 ($50.58).

Insider Buying and Selling at Bunzl

In other news, insider Richard Howes bought 4,471 shares of Bunzl stock in a transaction dated Wednesday, June 18th. The shares were purchased at an average cost of GBX 2,219 ($30.08) per share, with a total value of £99,211.49 ($134,469.35). Also, insider Jacky Simmonds bought 2,200 shares of Bunzl stock in a transaction dated Monday, June 23rd. The stock was purchased at an average cost of GBX 2,328 ($31.55) per share, for a total transaction of £51,216 ($69,417.19). Insiders have acquired a total of 15,132 shares of company stock valued at $34,939,160 over the last ninety days. 0.84% of the stock is currently owned by company 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.