Bunzl (LON:BNZL) Share Price Passes Above Two Hundred Day Moving Average of $3,094.73

Bunzl plc (LON:BNZL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,094.73 ($39.81) and traded as high as GBX 3,210 ($41.29). Bunzl shares last traded at GBX 3,166 ($40.73), with a volume of 538,599 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BNZL shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 3,200 ($41.16) target price on shares of Bunzl in a research note on Friday, June 28th. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a report on Thursday, June 27th. JPMorgan Chase & Co. raised their price objective on Bunzl from GBX 3,300 ($42.45) to GBX 3,380 ($43.48) and gave the stock a “neutral” rating in a research report on Friday, June 28th. Finally, Royal Bank of Canada upped their target price on Bunzl from GBX 2,600 ($33.44) to GBX 2,700 ($34.73) and gave the company an “underperform” rating in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,120 ($40.13).

Bunzl Stock Down 2.0 %

The business’s 50 day moving average price is GBX 3,080.08 and its 200-day moving average price is GBX 3,094.19. The company has a debt-to-equity ratio of 106.68, a quick ratio of 0.73 and a current ratio of 1.40. The firm has a market capitalization of £10.63 billion, a PE ratio of 2,055.84, a P/E/G ratio of 5.40 and a beta of 0.47.

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.