Frank van Zanten Purchases 4,000 Shares of Bunzl plc (LON:BNZL) Stock

Bunzl plc (LON:BNZL) insider Frank van Zanten bought 4,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of GBX 3,037 ($39.15) per share, for a total transaction of £121,480 ($156,586.75).

Bunzl Stock Down 1.0 %

Bunzl stock traded down GBX 30 ($0.39) on Thursday, hitting GBX 3,020 ($38.93). 1,631,609 shares of the stock traded hands, compared to its average volume of 752,026. Bunzl plc has a 1 year low of GBX 2,896 ($37.33) and a 1 year high of GBX 3,732 ($48.11). The firm has a market cap of £9.88 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The business’s fifty day simple moving average is GBX 3,349.99 and its 200 day simple moving average is GBX 3,423.82. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00.

Bunzl (LON:BNZL) last released its earnings results on Monday, March 3rd. The company reported GBX 194.30 ($2.50) earnings per share (EPS) for the quarter. Bunzl had a net margin of 4.20% and a return on equity of 16.82%. As a group, sell-side analysts forecast that Bunzl plc will post 213.3413462 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on BNZL shares. Shore Capital restated a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. JPMorgan Chase & Co. lifted their target price on shares of Bunzl from GBX 3,980 ($51.30) to GBX 4,150 ($53.49) and gave the company an “overweight” rating in a research report on Thursday, December 5th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,800 ($36.09) price objective on shares of Bunzl in a report on Tuesday, December 17th. Finally, Citigroup upgraded shares of Bunzl to a “buy” rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 3,375 ($43.50).

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.