Bunzl plc (LON:BNZL) insider Patrick Larmon sold 18,081 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of GBX 2,342 ($30.57), for a total value of £423,457.02 ($552,743.79).
Bunzl plc (LON:BNZL) traded down 0.94% during mid-day trading on Friday, hitting GBX 2324.00. 945,298 shares of the stock traded hands. Bunzl plc has a 12 month low of GBX 1,722.00 and a 12 month high of GBX 2,587.89. The stock’s market cap is GBX 7.67 billion. The stock has a 50-day moving average price of GBX 2,340.67 and a 200-day moving average price of GBX 2,193.05.
The business also recently announced a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 17th will be paid a dividend of GBX 13 ($0.17) per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a dividend yield of 0.55%.
A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Bunzl plc from GBX 2,136 ($27.88) to GBX 2,170 ($28.33) and gave the company a “neutral” rating in a research report on Thursday, June 30th. Beaufort Securities restated a “buy” rating on shares of Bunzl plc in a research report on Thursday, June 30th. Barclays PLC restated an “equal weight” rating and set a GBX 2,450 ($31.98) price objective on shares of Bunzl plc in a research report on Wednesday, August 31st. Jefferies Group restated a “hold” rating and set a GBX 1,800 ($23.50) price objective on shares of Bunzl plc in a research report on Thursday, August 25th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a GBX 2,100 ($27.41) price objective (up previously from GBX 1,780 ($23.23)) on shares of Bunzl plc in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,243.07 ($29.28).
Bunzl plc Company Profile
Bunzl plc is engaged in the distribution and outsourcing service. The Company supplies a range of sourced non-food products to a range of market sectors in approximately 30 countries. The Company’s segments include North America, Continental Europe, the United Kingdom & Ireland, and Rest of the World.
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