Insider Buying: Bunzl plc (LON:BNZL) Insider Acquires 4,289 Shares of Stock

Bunzl plc (LON:BNZL) insider Peter Ventress purchased 4,289 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were purchased at an average cost of GBX 2,319 ($31.82) per share, with a total value of £99,461.91 ($136,492.26).

Peter Ventress also recently made the following trade(s):

• On Tuesday, June 24th, Peter Ventress acquired 4,172 shares of Bunzl stock. The stock was purchased at an average price of GBX 2,385 ($32.73) per share, for a total transaction of £99,502.20 ($136,547.55).

Bunzl Trading Up 0.3%

BNZL opened at GBX 2,329.99 ($31.97) on Friday. Bunzl plc has a 12-month low of GBX 2,210 ($30.33) and a 12-month high of GBX 3,732 ($51.21). The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. The stock has a market capitalization of £7.62 billion, a PE ratio of 16.11, a P/E/G ratio of 5.40 and a beta of 0.45. The firm’s fifty day moving average price is GBX 2,364.18 and its 200 day moving average price is GBX 2,921.49.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 3,375 ($46.32).

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.