Bunzl (LON:BNZL) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Bunzl plc (LON:BNZL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,414.29 ($42.97) and traded as high as GBX 3,452 ($43.45). Bunzl shares last traded at GBX 3,436 ($43.25), with a volume of 711,772 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 2,800 ($35.24) price objective on shares of Bunzl in a report on Tuesday, December 17th. Shore Capital reissued a “buy” rating on shares of Bunzl in a research note on Thursday, December 19th. Citigroup raised Bunzl to a “buy” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their target price on Bunzl from GBX 3,980 ($50.09) to GBX 4,150 ($52.23) and gave the company an “overweight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Bunzl presently has an average rating of “Hold” and an average target price of GBX 3,375 ($42.48).

Bunzl Stock Down 0.2 %

The company has a debt-to-equity ratio of 123.00, a current ratio of 1.15 and a quick ratio of 0.73. The company has a market capitalization of £11.24 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 5.40 and a beta of 0.45. The firm has a 50-day moving average price of GBX 3,383.31 and a two-hundred day moving average price of GBX 3,416.08.

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.