Bunzl (LON:BNZL) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Bunzl plc (LON:BNZL)’s stock price passed 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 trading hands.

Analysts Set New Price Targets

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

Bunzl Trading Down 0.4 %

The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00. The firm has a market capitalization of £11.76 billion, a price-to-earnings ratio of 2,427.59, a P/E/G ratio of 5.40 and a beta of 0.45. The business has a 50-day moving average of GBX 3,509.94 and a two-hundred day moving average of GBX 3,314.42.

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.