Bunzl (LON:BNZL) Stock Crosses Below Fifty Day Moving Average of $2,130.90

Shares of Bunzl plc (LON:BNZL) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2,130.90 and traded as low as $2,147.00. Bunzl shares last traded at $2,156.00, with a volume of 376,874 shares.

BNZL has been the subject of several recent analyst reports. Jefferies Financial Group restated a “hold” rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th. Barclays restated an “underweight” rating on shares of in a report on Thursday, July 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a report on Wednesday, May 15th. Credit Suisse Group restated a “buy” rating and set a $19.50 price target on shares of Infineon Technologies in a report on Thursday, May 2nd. Finally, Shore Capital restated a “house stock” rating on shares of in a report on Wednesday, June 26th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 2,343 ($30.62).

The company has a current ratio of 1.43, a quick ratio of 0.82 and a debt-to-equity ratio of 110.35. The stock has a 50 day simple moving average of GBX 2,133.36. The firm has a market cap of $7.32 billion and a price-to-earnings ratio of 22.24.

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

About Bunzl (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.

Further Reading: Cost of Capital

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