Bunzl (LON:BNZL) Shares Cross Above 200 Day Moving Average – Should You Sell?

Bunzl plc (LON:BNZL)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,312.99 ($41.81) and traded as high as GBX 3,544 ($44.73). Bunzl shares last traded at GBX 3,520 ($44.43), with a volume of 551,249 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group raised their price objective on Bunzl from GBX 2,600 ($32.82) to GBX 2,800 ($35.34) and gave the stock an “underperform” rating in a research note on Thursday, September 5th. Royal Bank of Canada upgraded Bunzl to a “sector perform” rating and increased their price target for the company from GBX 2,700 ($34.08) to GBX 3,350 ($42.28) in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price objective on Bunzl from GBX 3,980 ($50.23) to GBX 4,150 ($52.38) and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Shore Capital reiterated a “buy” rating on shares of Bunzl in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 3,375 ($42.60).

Bunzl Stock Down 0.4 %

The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 123.00. The business’s fifty day moving average price is GBX 3,509.94 and its two-hundred day moving average price is GBX 3,314.42. The firm has a market cap of £11.76 billion, a P/E ratio of 2,427.59, a P/E/G ratio of 5.40 and a beta of 0.45.

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.