Bunzl (LON:BNZL) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Bunzl plc (LON:BNZL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,205.62 and traded as high as GBX 2,338. Bunzl shares last traded at GBX 2,334, with a volume of 808,365 shares changing hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,200 price objective 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 given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Bunzl has an average rating of “Reduce” and an average price target of GBX 2,335.

Bunzl Price Performance

The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73. The company’s 50-day simple moving average is GBX 2,191.56 and its 200-day simple moving average is GBX 2,205.62. The company has a market cap of £7.53 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 5.40 and a beta of 0.29.

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

Insider Buying and Selling at Bunzl

In related news, insider Richard Howes purchased 8,267 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of GBX 2,299 per share, with a total value of £190,058.33. Insiders own 0.38% 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.