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

Bunzl plc (LON:BNZL) shot up 4.7% during trading on Tuesday . The company traded as high as GBX 2,607 and last traded at GBX 2,581.02. Approximately 2,889,612 shares changed hands during 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

BNZL has been the subject of a number of recent research reports. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,900 price objective on shares of Bunzl in a report on Tuesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,200 target price on shares of Bunzl in a report on Tuesday, March 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a GBX 2,350 target price on shares of Bunzl in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of GBX 2,338.

Bunzl Stock Performance

The company has a debt-to-equity ratio of 103.81, a current ratio of 1.39 and a quick ratio of 0.73. The stock has a market cap of £8.29 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 5.40 and a beta of 0.32. The business has a 50 day moving average price of GBX 2,411.79 and a two-hundred day moving average price of GBX 2,239.48.

Insider Transactions at Bunzl

In other news, insider Frank van Zanten sold 15,000 shares of the stock in a transaction dated Friday, May 8th. The shares were 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 company insiders.

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. 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.