Insider Buying: Bunzl plc (LON:BNZL) Insider Purchases £51,216 in Stock

Bunzl plc (LON:BNZL) insider Jacky Simmonds bought 2,200 shares of Bunzl stock in a transaction on Monday, June 23rd. The shares were acquired at an average cost of GBX 2,328 ($31.95) per share, for a total transaction of £51,216 ($70,284.07).

Bunzl Trading Up 0.3%

LON BNZL opened at GBX 2,329.99 ($31.97) on Friday. The firm has a market capitalization of £7.62 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The business’s 50-day moving average price is GBX 2,364.18 and its two-hundred day moving average price is GBX 2,921.49. 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 plc has a 12 month low of GBX 2,210 ($30.33) and a 12 month high of GBX 3,732 ($51.21).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Tuesday, April 29th. One research 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 company presently has an average rating of “Hold” and a consensus price target of GBX 3,375 ($46.32).

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.