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

Bunzl plc (LON:BNZL)’s share price crossed 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 traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BNZL shares. Shore Capital restated a “buy” rating on shares of Bunzl in a report on Thursday, December 19th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 2,800 ($34.52) price objective on shares of Bunzl in a research note on Tuesday, December 17th. Citigroup raised shares of Bunzl to a “buy” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price target on Bunzl from GBX 3,980 ($49.07) to GBX 4,150 ($51.17) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 3,375 ($41.61).

Bunzl Stock Performance

The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15. 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 company’s fifty day simple moving average is GBX 3,411.97 and its two-hundred day simple moving average is GBX 3,378.17.

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.