Bunzl (LON:BNZL) Sets New 1-Year High – Here’s What Happened

Bunzl plc (LON:BNZLGet Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 2,832 and last traded at GBX 2,826, with a volume of 2263257 shares changing hands. The stock had previously closed at GBX 2,794.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of Bunzl from GBX 2,200 to GBX 2,600 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of Bunzl from GBX 2,580 to GBX 2,610 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Citigroup raised their price objective on shares of Bunzl from £280 to £300 and gave the company a “buy” rating in a research report on Thursday, June 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 2,350 price objective on shares of Bunzl in a report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,950 price objective on shares of Bunzl in a report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 5,956.25.

Check Out Our Latest Research Report on Bunzl

Bunzl Stock Performance

The firm has a fifty day moving average of GBX 2,614.78 and a 200-day moving average of GBX 2,371.40. The stock has a market capitalization of £9.07 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 5.40 and a beta of 0.32. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81.

Insider Buying and Selling at Bunzl

In other news, insider Frank van Zanten sold 15,000 shares of Bunzl 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. 0.38% of the stock is currently owned by corporate insiders.

Bunzl Company Profile

(Get Free Report)

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.

Further Reading

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