Bunzl (LON:BNZL) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Bunzl plc (LON:BNZL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,211.28 and traded as high as GBX 2,266. Bunzl shares last traded at GBX 2,249.23, with a volume of 646,795 shares traded.

Analyst Ratings Changes

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

Bunzl Price Performance

The stock has a market cap of £7.25 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 5.40 and a beta of 0.35. The company has a 50-day simple moving average of GBX 2,164.14 and a two-hundred day simple moving average of GBX 2,211.28. The company has a debt-to-equity ratio of 103.81, a quick ratio of 0.73 and a current ratio of 1.39.

Bunzl (LON:BNZL) last released its quarterly earnings data on Monday, March 2nd. The company reported GBX 179.30 EPS for the quarter. Bunzl had a return on equity of 17.21% and a net margin of 5.12%. As a group, equities research analysts forecast that Bunzl plc will post 213.3413462 EPS for the current year.

Insider Transactions at Bunzl

In other news, insider Richard Howes purchased 8,267 shares of the company’s stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of GBX 2,299 per share, with a total value of £190,058.33. Company insiders own 0.47% of the company’s stock.

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.