Bunzl (LON:BNZL) Insider Richard Howes Acquires 8,267 Shares of Stock

Bunzl plc (LON:BNZL) insider Richard Howes acquired 8,267 shares of the stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of GBX 2,299 per share, with a total value of £190,058.33.

Bunzl Stock Up 1.4%

Shares of LON:BNZL opened at GBX 2,302 on Wednesday. The business’s 50 day moving average is GBX 2,131.03 and its 200 day moving average is GBX 2,234.86. Bunzl plc has a 12-month low of GBX 1,981 and a 12-month high of GBX 3,096. The stock has a market cap of £7.42 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 5.40 and a beta of 0.35. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81.

Bunzl (LON:BNZL) last issued its quarterly earnings data on Monday, March 2nd. The company reported GBX 179.30 earnings per share for the quarter. Bunzl had a return on equity of 17.21% and a net margin of 3.88%. On average, sell-side analysts forecast that Bunzl plc will post 213.3413462 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,200 price target on shares of Bunzl in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bunzl has a consensus rating of “Reduce” and an average target price of GBX 2,335.

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.