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 Thursday, Marketbeat reports.

Bunzl Stock Down 2.0 %

Shares of BNZL opened at GBX 3,010 ($38.18) on Thursday. The stock has a fifty day simple moving average of GBX 3,033.92 and a two-hundred day simple moving average of GBX 3,094.70. The company has a quick ratio of 0.73, a current ratio of 1.40 and a debt-to-equity ratio of 106.68. The company has a market capitalization of £10.11 billion, a PE ratio of 1,954.55, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47. Bunzl has a 52-week low of GBX 2,680 ($34.00) and a 52-week high of GBX 3,306 ($41.94).

Insider Activity

In related news, insider Frank van Zanten sold 24,244 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($38.84), for a total value of £742,351.28 ($941,711.63). Corporate insiders own 0.84% of the company’s stock.

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.