Bunzl plc (LON:BNZL) Insider Acquires £121,480 in Stock

Bunzl plc (LON:BNZL) insider Frank van Zanten purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of GBX 3,037 ($39.24) per share, for a total transaction of £121,480 ($156,971.18).

Bunzl Stock Performance

BNZL opened at GBX 3,076 ($39.75) on Friday. The firm has a market capitalization of £10.06 billion, a PE ratio of 21.26, a PEG ratio of 5.40 and a beta of 0.45. Bunzl plc has a twelve month low of GBX 2,896 ($37.42) and a twelve month high of GBX 3,732 ($48.22). The firm’s 50-day moving average price is GBX 3,339.59 and its 200 day moving average price is GBX 3,420.46. 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 (LON:BNZL) last posted its quarterly earnings results on Monday, March 3rd. The company reported GBX 194.30 ($2.51) earnings per share for the quarter. Bunzl had a net margin of 4.20% and a return on equity of 16.82%. As a group, sell-side analysts expect that Bunzl plc will post 213.3413462 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on BNZL. Citigroup upgraded shares of Bunzl to a “buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. raised their price target on shares of Bunzl from GBX 3,980 ($51.43) to GBX 4,150 ($53.62) and gave the company an “overweight” rating in a research report on Thursday, December 5th. Shore Capital restated a “buy” rating on shares of Bunzl in a research report on Thursday, December 19th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,800 ($36.18) target price on shares of Bunzl in a research report on Tuesday, December 17th. 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. Based on data from MarketBeat.com, Bunzl presently has an average rating of “Hold” and an average price target of GBX 3,375 ($43.61).

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.