Bunzl (LON:BNZL) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Bunzl plc (LON:BNZL)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,242.78 and traded as low as GBX 2,154. Bunzl shares last traded at GBX 2,228, with a volume of 49,337,867 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,200 target price on shares of Bunzl in a report on Tuesday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of GBX 2,335.

Bunzl Trading Down 0.4%

The business has a 50 day moving average of GBX 2,112.38 and a two-hundred day moving average of GBX 2,241.62. The firm has a market cap of £7.17 billion, a P/E ratio of 15.30, a PEG ratio of 5.40 and a beta of 0.35. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 103.81.

Bunzl (LON:BNZL) last released its quarterly earnings data on Monday, March 2nd. The company reported GBX 179.30 EPS for the quarter. Bunzl had a net margin of 3.88% and a return on equity of 17.21%. Analysts predict that Bunzl plc will post 213.3413462 earnings per share for the current year.

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. 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.