Bunzl (LON:BNZL) Hits New 52-Week High – Here’s What Happened

Bunzl plc (LON:BNZL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 2,642 and last traded at GBX 2,628, with a volume of 3506999 shares changing hands. The stock had previously closed at GBX 2,602.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BNZL shares. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,200 price objective on shares of Bunzl in a research note on Tuesday, March 10th. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 2,350 target price on shares of Bunzl in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,900 target price on shares of Bunzl in a report on Tuesday. One 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, Bunzl has an average rating of “Reduce” and an average price target of GBX 2,338.

Bunzl Stock Performance

The business has a 50 day simple moving average of GBX 2,416.37 and a 200 day simple moving average of GBX 2,242.50. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 103.81. The company has a market capitalization of £8.44 billion, a PE ratio of 18.65, a PEG ratio of 5.40 and a beta of 0.32.

Insider Buying and Selling at Bunzl

In other news, insider Frank van Zanten sold 15,000 shares of the company’s 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. Insiders own 0.48% of the company’s stock.

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.