Bunzl (LON:BNZL) Insider Purchases £919,079.80 in Stock

Bunzl plc (LON:BNZL) insider Frank van Zanten purchased 34,946 shares of Bunzl stock in a transaction dated Thursday, September 17th. The shares were bought at an average price of GBX 2,630 per share, with a total value of £919,079.80.

Frank van Zanten also recently made the following trade(s):

• On Monday, September 7th, Frank van Zanten sold 368 shares of Bunzl stock. The stock was sold at an average price of GBX 2,662, for a total value of £9,796.16.

Bunzl Stock Up 1.5%

Bunzl stock traded up GBX 38 during mid-day trading on Thursday, reaching GBX 2,638. The stock had a trading volume of 1,566,374 shares, compared to its average volume of 8,690,134. Bunzl plc has a one year low of GBX 1,981 and a one year high of GBX 2,898. The company has a 50-day moving average price of GBX 2,737.25 and a two-hundred day moving average price of GBX 2,509.10. The company has a market capitalization of £8.47 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 5.40 and a beta of 0.32. The company has a debt-to-equity ratio of 95.61, a current ratio of 1.38 and a quick ratio of 0.73.

Bunzl (LON:BNZL) last released its quarterly earnings data on Tuesday, September 1st. The company reported GBX 65.70 earnings per share for the quarter. Bunzl had a net margin of 4.82% and a return on equity of 20.61%. On average, analysts expect that Bunzl plc will post 213.3413462 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on BNZL. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,900 price target on shares of Bunzl in a research report on Tuesday, September 1st. Citigroup lifted their price objective on shares of Bunzl from £280 to £300 and gave the company a “buy” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. raised their target price on Bunzl from GBX 2,610 to GBX 2,800 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,600 price target on shares of Bunzl in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 3,000 target price on shares of Bunzl in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bunzl currently has an average rating of “Hold” and an average target price of GBX 6,407.14.

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.