Bunzl (LON:BNZL) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Bunzl plc (LON:BNZL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 2,606 ($34.05). Bunzl shares last traded at GBX 2,592 ($33.86), with a volume of 641,967 shares changing hands.

A number of research analysts have commented on the stock. Peel Hunt reissued a “buy” rating and set a GBX 2,600 ($33.97) target price on shares of Bunzl in a research report on Thursday, June 24th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,600 ($33.97) price objective on shares of Bunzl in a research report on Thursday, June 24th. Berenberg Bank raised shares of Bunzl to a “buy” rating and lifted their price objective for the stock from GBX 2,650 ($34.62) to GBX 2,750 ($35.93) in a research report on Friday, July 9th. Barclays reaffirmed an “equal weight” rating on shares of Bunzl in a research report on Tuesday, May 4th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research report on Thursday, June 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Bunzl presently has an average rating of “Buy” and a consensus price target of GBX 2,558.33 ($33.42).

The company has a market capitalization of £8.86 billion and a P/E ratio of 20.40. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 141.07. The stock has a 50-day moving average of GBX 2,382.56.

In other Bunzl news, insider Frank van Zanten sold 964 shares of Bunzl stock in a transaction that occurred on Tuesday, May 4th. The shares were sold at an average price of GBX 2,315 ($30.25), for a total transaction of £22,316.60 ($29,156.78).

About Bunzl (LON:BNZL)

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, counter-service packaging, foodservice disposables, take-out food packaging, first aid products, point of purchase displays, stationery, bags, and cleaning and hygiene supplies to grocery stores, supermarkets, retail chains, convenience stores, food wholesalers, ethnic grocers, and organic food outlets.

See Also: What is the Producer Price Index (PPI)?

Receive News & Ratings for Bunzl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunzl and related companies with MarketBeat.com's FREE daily email newsletter.