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

Bunzl plc (LON:BNZL)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,377.77 ($41.64) and traded as high as GBX 3,444 ($42.46). Bunzl shares last traded at GBX 3,426 ($42.24), with a volume of 1,172,096 shares trading hands.

Analyst Upgrades and Downgrades

BNZL has been the topic of a number of research analyst reports. Shore Capital reiterated 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. JPMorgan Chase & Co. raised their target price on Bunzl from GBX 3,980 ($49.07) to GBX 4,150 ($51.17) and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 2,800 ($34.52) price target on shares of Bunzl in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 3,375 ($41.61).

Bunzl Stock Up 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 company has a market capitalization of £11.51 billion, a price-to-earnings ratio of 2,376.87, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The business has a 50-day moving average price of GBX 3,411.97 and a 200-day moving average price of GBX 3,378.17.

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.