Bunzl (LON:BNZL) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Bunzl plc (LON:BNZL) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,242.78 and traded as low as GBX 2,154. Bunzl shares last traded at GBX 2,228, with a volume of 49,337,867 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,350 price objective on shares of Bunzl in a research report on Wednesday, November 12th. 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.com, Bunzl has a consensus rating of “Reduce” and a consensus target price of GBX 2,372.50.

Bunzl Price Performance

The firm has a market cap of £7.18 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 5.40 and a beta of 0.35. The business has a fifty day simple moving average of GBX 2,106.46 and a 200 day simple moving average of GBX 2,242.78. The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73.

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

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. 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.