Shore Capital Reaffirms “Buy” Rating for Bunzl (LON:BNZL)

Shore Capital reaffirmed their buy rating on shares of Bunzl (LON:BNZL) in a research note published on Wednesday morning, MarketBeat reports.

Bunzl Trading Up 1.2 %

Shares of BNZL opened at GBX 3,070 ($37.92) on Wednesday. The company has a debt-to-equity ratio of 106.68, a current ratio of 1.40 and a quick ratio of 0.73. The firm has a 50 day simple moving average of GBX 3,062.42 and a 200-day simple moving average of GBX 3,069.02. Bunzl has a 1-year low of GBX 2,680 ($33.10) and a 1-year high of GBX 3,306 ($40.83). The stock has a market cap of £10.31 billion, a price-to-earnings ratio of 1,993.51, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47.

Bunzl Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 2nd. Investors of record on Thursday, May 16th will be given a dividend of GBX 50.10 ($0.62) per share. The ex-dividend date is Thursday, May 16th. This represents a yield of 1.52%. This is a positive change from Bunzl’s previous dividend of $18.20. Bunzl’s dividend payout ratio (DPR) is 4,415.58%.

Insider Buying and Selling

In related news, insider Richard Howes sold 10,730 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of GBX 3,105 ($38.35), for a total transaction of £333,166.50 ($411,519.89). In other Bunzl news, insider Frank van Zanten sold 24,244 shares of Bunzl stock in a transaction on Thursday, April 25th. The shares were sold at an average price of GBX 3,062 ($37.82), for a total value of £742,351.28 ($916,935.87). Also, insider Richard Howes sold 10,730 shares of Bunzl stock in a transaction on Friday, March 1st. The shares were sold at an average price of GBX 3,105 ($38.35), for a total transaction of £333,166.50 ($411,519.89). 0.88% of the stock is owned by company insiders.

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.