Bunzl (LON:BNZL) Trading Up 4.7% – What’s Next?

Bunzl plc (LON:BNZL) shares shot up 4.7% during trading on Tuesday . The stock traded as high as GBX 2,607 and last traded at GBX 2,581.02. Approximately 2,889,612 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 8,957,160 shares. The stock had previously closed at GBX 2,464.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BNZL. Stifel Nicolaus restated a “hold” rating and issued a GBX 2,350 target price on shares of Bunzl in a research note on Wednesday, April 22nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,200 price objective on shares of Bunzl in a report on Tuesday, March 10th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,900 price objective on shares of Bunzl in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of GBX 2,338.

Bunzl Stock Up 4.7%

The company has a market cap of £8.29 billion, a P/E ratio of 18.32, a P/E/G ratio of 5.40 and a beta of 0.32. The company’s 50-day moving average is GBX 2,411.79 and its two-hundred day moving average is GBX 2,239.48. The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73.

Insider Activity

In related news, insider Frank van Zanten sold 15,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 2,394, for a total transaction of £359,100. 0.48% of the stock is currently owned by 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. 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.