Bunzl (LON:BNZL) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Bunzl plc (LON:BNZL)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,377.77 ($41.65) and traded as high as GBX 3,444 ($42.47). Bunzl shares last traded at GBX 3,426 ($42.24), with a volume of 1,172,096 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup raised shares of Bunzl to a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. boosted their price target on Bunzl from GBX 3,980 ($49.08) to GBX 4,150 ($51.17) and gave the company an “overweight” rating in a research note on Thursday, December 5th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 2,800 ($34.53) target price on shares of Bunzl in a research report on Tuesday, December 17th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,375 ($41.62).

Bunzl Trading Down 0.3 %

The stock has a market cap of £11.44 billion, a P/E ratio of 2,362.76, a PEG ratio of 5.40 and a beta of 0.45. The firm’s fifty day moving average price is GBX 3,412.61 and its two-hundred day moving average price is GBX 3,377.77. The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73.

Bunzl Company Profile

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.