Bunzl (LON:BNZL) Share Price Passes Above 200 Day Moving Average of $2,237.52
Shares of Bunzl plc (LON:BNZL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2,237.52 and traded as high as $2,135.00. Bunzl shares last traded at $2,128.00, with a volume of 881,363 shares traded.
A number of analysts recently commented on BNZL shares. Deutsche Bank reiterated a “buy” rating and issued a GBX 2,380 ($31.10) target price on shares of Bunzl in a research note on Wednesday, August 28th. UBS Group restated a “neutral” rating on shares of Bunzl in a research note on Monday, August 26th. Barclays decreased their price objective on shares of Bunzl from GBX 2,550 ($33.32) to GBX 2,400 ($31.36) and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Goldman Sachs Group restated a “buy” rating on shares of Bunzl in a research note on Tuesday, August 13th. Finally, Shore Capital restated a “buy” rating on shares of Bunzl in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 2,371.25 ($30.98).
The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 155.46. The stock has a market capitalization of $7.17 billion and a PE ratio of 21.43. The firm’s fifty day moving average price is GBX 2,088.29 and its two-hundred day moving average price is GBX 2,237.52.
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.
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