Shore Capital Reiterates “Buy” Rating for Bunzl (LON:BNZL)

Bunzl (LON:BNZL)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a note issued to investors on Wednesday, MarketBeat.com reports.

Bunzl Price Performance

Bunzl stock opened at GBX 3,034 ($37.48) on Wednesday. The stock has a market capitalization of £10.19 billion, a PE ratio of 1,970.13, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47. The company has a debt-to-equity ratio of 106.68, a current ratio of 1.40 and a quick ratio of 0.73. Bunzl has a 12 month low of GBX 2,680 ($33.10) and a 12 month high of GBX 3,306 ($40.83). The business has a 50 day simple moving average of GBX 3,065.36 and a 200-day simple moving average of GBX 3,069.27.

Insider Transactions at Bunzl

In other Bunzl news, insider Richard Howes sold 10,730 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of GBX 3,105 ($38.35), for a total value of £333,166.50 ($411,519.89). Insiders own 0.88% of the company’s stock.

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.