Bunzl (LON:BNZL) Shares Cross Above 200 Day Moving Average of $0.00

Bunzl plc (LON:BNZL)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $2,129.00. Bunzl shares last traded at $2,082.00, with a volume of 1,054,381 shares trading hands.

A number of research firms have recently commented on BNZL. Jefferies Financial Group upped their price objective on shares of Bunzl from GBX 1,650 ($21.56) to GBX 2,050 ($26.79) and gave the company an “underperform” rating in a research note on Tuesday, April 9th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Bunzl in a research note on Monday, June 10th. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Wednesday, June 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bunzl in a research note on Wednesday, May 15th. Finally, Deutsche Bank reissued a “buy” rating on shares of Bunzl in a research note on Thursday, June 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 2,343 ($30.62).

The company has a market capitalization of $7.01 billion and a price-to-earnings ratio of 21.29. The stock has a 50 day simple moving average of GBX 2,137.18. The company has a quick ratio of 0.82, a current ratio of 1.43 and a debt-to-equity ratio of 110.35.

In related news, insider Frank van Zanten sold 3,699 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of GBX 2,113 ($27.61), for a total transaction of £78,159.87 ($102,129.71).

Bunzl Company Profile (LON:BNZL)

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.

Read More: What is the Quick Ratio?

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