Bunzl plc (LON:BNZL) Insider Frank van Zanten Buys 4,000 Shares of Stock

Bunzl plc (LON:BNZL) insider Frank van Zanten acquired 4,000 shares of Bunzl stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of GBX 3,037 ($39.14) per share, with a total value of £121,480 ($156,546.39).

Bunzl Stock Down 1.0 %

Shares of LON:BNZL opened at GBX 3,020 ($38.92) on Friday. The firm has a 50 day simple moving average of GBX 3,349.99 and a 200 day simple moving average of GBX 3,423.82. Bunzl plc has a 52 week low of GBX 2,896 ($37.32) and a 52 week high of GBX 3,732 ($48.09). The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. The company has a market cap of £9.88 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45.

Bunzl (LON:BNZL) last released its earnings results on Monday, March 3rd. The company reported GBX 194.30 ($2.50) earnings per share (EPS) for the quarter. Bunzl had a return on equity of 16.82% and a net margin of 4.20%. As a group, research analysts expect that Bunzl plc will post 213.3413462 earnings per share for the current year.

Analysts Set New Price Targets

BNZL has been the subject of several recent research reports. Citigroup raised shares of Bunzl to a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on Bunzl from GBX 3,980 ($51.29) to GBX 4,150 ($53.48) 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 report on Thursday, December 19th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 2,800 ($36.08) target price on shares of Bunzl in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Bunzl presently has an average rating of “Hold” and an average target price of GBX 3,375 ($43.49).

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.